Odaily Planet News: According to on-chain analyst Yujin's monitoring, a whale or institution that previously made a profit of $98.95 million during ETH's price fluctuations has purchased $208 million worth of cbBTC and ETH during the recent three-day market decline. Specifically, the entity bought 60,392 ETH valued at $150 million, with an average price of $2,495 per ETH; and 750 cbBTC valued at $57.78 million, with an average price of $77,040 per cbBTC. Currently, this entity holds a total of 150,000 ETH, valued at $330 million, and 750 cbBTC, valued at $57.78 million.
Profitable Whale Buys $208M in ETH and cbBTC Amid Market Dip
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Summary
A whale that previously earned $98.95 million from ETH trading has bought $208 million worth of ETH and cbBTC over three days. The entity purchased 60,392 ETH at $2,495 and 750 cbBTC at $77,040. Despite this buying activity, the ETH price remains below $3,000. The whale now holds 150,000 ETH valued at $330 million and 750 cbBTC valued at $57.78 million. ETH analysis indicates accumulation is occurring amid market weakness.
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