Whales traded 220 BTC for ETH at the beginning of the year, and now have a floating loss of $8.37 million. Recently, they started frequent operations and lost another 105 ETH
4 hours ago
Odaily News According to Ember's monitoring, whales exchanged 220.1 cbBTC (about $20.81 million) for 6,202.4 ETH at an exchange rate of 0.0354 at the beginning of the year. At that time, BTC was quoted at $94,548 and ETH was quoted at $3,355. If the address holds the currency to date, its BTC holdings will appreciate to about $23.72 million, while ETH is currently worth only $15.35 million, with a paper loss of up to $8.37 million. What is more noteworthy is that the address has recently started a new round of band operations: 4 days ago, 3,158 ETH were sold at a price of $2,378 for about 7.51 million DAI, and then 3 hours ago today, this DAI was used to repurchase 3,053 ETH at a price of $2,460. This round of operations caused it to lose 105 ETH (about $260,000).
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