ChainCatcher report: According to on-chain analyst @ai_9684xtpa, a smart money address that previously profited over $98.18 million from ETH swing trading deposited 330 cbBTC (approximately $24.36 million) into Coinbase at an average price of $73,841.19 one hour ago, resulting in an estimated loss of about $54,000 if sold. Since February, the smart money address beginning with 0xd458 has accumulated a total of 53,392 ETH and 4,000 cbBTC, valued at $420 million, with average entry prices of $2,318.42 for ETH and $74,003.92 for cbBTC. Its holdings once declined by over $73.65 million.
Whale deposits 330 cbBTC worth $24.36M on Coinbase amid losses
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Summary
Whale activity trading showed a major Ethereum whale depositing 330 cbBTC ($24.36M) on Coinbase at $73,841.19, resulting in a $54,000 loss if sold. The whale, with address 0xd458, holds 53,392 ETH and 4,000 cbBTC, totaling $420M. On-chain trading signals indicate average entry prices for ETH and cbBTC at $2,318.42 and $74,003.92, respectively. The portfolio has lost over $73.65M in value.
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