A whale/institution increased its holdings by 750 cbBTC, bringing its total purchases of ETH and cbBTC to $318 million after the sharp drop.
AI Summary1 min read
TL;DR
A whale/institution purchased 750 cbBTC ($55.95M) after a market drop, totaling $318M in ETH and cbBTC buys. It now holds 173K ETH and 1.5K cbBTC, with a $65.43M floating loss.
Tags
BitcoinHalving TokensEthereumLayer 1Smart ContractsPANwhalecbBTCETHcryptocurrencyinvestment
PANews reported on February 4th that, according to on-chain analyst Yu Jin, a whale/institution that profited $98.95 million through swing trading bought another 750 cbBTC ($55.95 million) today. In the days following the sharp drop, it has purchased $318 million worth of assets.
- 83,392 ETH ($204 million), average price $2,450.
- 1,500 cbBTC ($113 million), average price $75,820.
Currently, it holds a total of 173,000 ETH ($406 million) and 1,500 cbBTC ($113 million), with a floating loss of $65.43 million: the average cost of ETH is $2,667 and the average cost of cbBTC is $75,820.