According to Ember monitoring, a whale once 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 coins so far, its BTC position will appreciate to about 23.72 million dollars, while ETH is currently valued at only 15.35 million dollars, and the book loss is as high as 8.37 million dollars.
What is more noteworthy is that the address has recently started a new round of band operations: 4 days ago, it sold 3,158 ETH at a price of 2,378 US dollars for about 7.51 million DAI, and then used the DAI to buy back 3,053 ETH at a price of 2,460 US dollars 3 hours ago today. This round of operations caused it to lose 105 ETH (about 260,000 US dollars).
At the beginning of the year, a whale exchanged 220 BTC for ETH and now lost 8.37 million dollars. Recently, it started frequent operations and lost 105 ETH.
2025-06-26 04:49:19
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
