Whale/Institution that spent $500 million to buy the dip in early February reduces holdings by $51.79 million, realizing a loss of $19.66 million

Odaily News: According to monitoring by Yu Jin, the whale/institution that spent $500 million to buy the dip on BTC and ETH in early February reduced its holdings by 12,000 ETH and 330 cbBTC last night after the market rose, with a value of $51.79 million. As the current ETH price has not yet recovered to its average purchase price, this reduction constitutes a loss-making operation. Its average cost for ETH is $2,667, and for cbBTC is $73,837. The realized loss on the reduced portion is $19.66 million. The whale/institution currently still holds $603 million worth of ETH and BTC, including 138,000 ETH valued at $326 million and 3,670 cbBTC valued at $277 million.