Data: A certain whale/institution has cut losses and reduced holdings by 12,000 ETH and 330 cbBTC, worth 51.79 million USD
According to on-chain analyst Yu Jin's monitoring, "At the beginning of February, a whale/institution invested $500 million to buy the dip in BTC and ETH," and last night, after the market rose, they reduced their holdings by 12,000 ETH and 330 cbBTC, worth $51.79 million.
However, the price of ETH has still not returned to their average buy-in price, which means this reduction still counts as a loss: their average cost for ETH is $2,667, and for cbBTC, it is $73,837. The reduction resulted in a loss of $19.66 million. They currently hold ETH and BTC worth $603 million: 138,000 ETH ($326 million) + 3,670 cbBTC ($277 million).
You may also like
Best AI Crypto Trading Bot? Inside the AI Trading System That Ranked Top 3 on WEEX
Discover the best AI crypto trading bot on WEEX. Learn how AI trading works, how to trade automatically, and why this system stands out among top AI trading apps.

How to Trade Cryptocurrency Without App Store: Instant Browser Crypto Trading on WEEX
Trade crypto instantly without downloading an app. Use WEEX H5 to access spot and futures trading directly in your browser with fast execution, real-time risk control, and seamless experience across mobile, tablet, and desktop. Supports Bitcoin, Ethereum, and more.

From OKX to Bybit, exchanges are changing tires on the highway at high speed

A Brief History and Future of Perpetual Contracts

AI Agent Gets ID and Wallet on the Same Day | Rewire News Morning Brief

IOSG: Power Flexibility Paradigm Shift: From Macro Assets to Distributed Intelligence Layer

Murata 35% Price Increase Explained: A Capacitor that Gives AI Empire a Cold

MiniMax: A Henan County Youth and His 300 Billion

From Abandoned Project to Sky-High Target, Mastercorp Acquires BVNK for $1.8 Billion

Is Polymarket's Pricing Accurate? I Simulated a Crisis with 200 Agents to Find Out

A Decade of Regulation Finally Clarified, Victory for Crypto-Native Logic

The United States Establishes the "Five Categories Law" for Cryptographic Assets: A Summary to Understand the New Regulatory Framework

Morning Report | Mastercard plans to acquire BVNK for up to $1.8 billion; Solana Foundation launches aggregator Tokens on Solana; Bitcoin sees its first 8 consecutive rises in four years

Aster Chain officially launches: defining a new era of on-chain privacy and transparency

Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened

A Billion-Dollar Life Buy Threat Triggered by an Iranian Missile

BlackRock Launches ETHB: Ethereum ETF Enters 'Interest-Bearing Age'

Nvidia Starts Putting Chips in the Road | Rewire News Evening Update
Best AI Crypto Trading Bot? Inside the AI Trading System That Ranked Top 3 on WEEX
Discover the best AI crypto trading bot on WEEX. Learn how AI trading works, how to trade automatically, and why this system stands out among top AI trading apps.
How to Trade Cryptocurrency Without App Store: Instant Browser Crypto Trading on WEEX
Trade crypto instantly without downloading an app. Use WEEX H5 to access spot and futures trading directly in your browser with fast execution, real-time risk control, and seamless experience across mobile, tablet, and desktop. Supports Bitcoin, Ethereum, and more.