ETH Swing Whale Adds 23,000 ETH, Buys $262 Million in cbBTC and ETH Over 3 Days
A whale trading ETH swings added 23,000 ETH over 15 hours on Feb. 3, on-chain analyst Yu Jin reports via BlockBeats. Over three days, the entity accumulated 83,392 ETH ($204 million) at an average $2,450 and 750 cbBTC ($57.78 million) at an average $77,040. It now holds 173,000 ETH ($406 million) and 750 cbBTC ($57.78 million), with an unrealized loss of $55.11 million; ETH cost basis is $2,667 and cbBTC cost basis is $77,040.