A giant whale institution purchased 750 cbBTC, bringing the total holdings to 1,500
On February 4, on-chain data analyst Yi Jin detected that a whale/institution purchased 750 cbBTC today. In the days after the sharp drop, the institution has bought $318 million worth of crypto assets at the bottom.
Currently, the institution holds a total of 173,000 ETH and 1,500 cbBTC, with an floating loss of US$65.43 million. The average cost of ETH is US$2,667, and the average price of cbBTC is US$75,820.
