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

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PANews
02-04
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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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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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