Whale exchanged 220 BTC for ETH at the beginning of the year and currently has unrealized losses of 8.37 million USD. Recently, they started frequent operations and incurred an additional loss of 105 ETH.

robot
Abstract generation in progress

Odaily News According to Yu Jin monitoring, whales exchanged 220.1 cbBTC (approximately 20.81 million USD) at an exchange rate of 0.0354 for 6,202.4 ETH at the beginning of the year, when BTC was priced at 94,548 USD and ETH at 3,355 USD. If this address holds the coins until now, its BTC holdings would appreciate to about 23.72 million USD, while the current value of ETH is only 15.35 million USD, resulting in unrealized losses of up to 8.37 million USD. What is more noteworthy is that this Address recently initiated a new round of swing trading: 4 days ago, it sold 3,158 ETH at a price of $2,378, exchanging it for approximately 7.51 million DAI, and then 3 hours ago today, it repurchased 3,053 ETH with this DAI at a price of $2,460. This round of operations resulted in a loss of 105 ETH (approximately $260,000).

ETH0.97%
BTC-0.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-78451689vip
· 06-26 17:44
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)