A major whale/institution increased its holdings by 750 cbBTC, bringing its total purchases of ETH and cbBTC to $318 million after the sharp drop.

PA一线
PA一线

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.

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Author: PA一线

This content is for market information only and is not investment advice.

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