A whale traded 220 BTC for ETH at the beginning of the year and now has a floating loss of US$8.37 million. Recently, it started frequent operations and lost another 105 ETH.
According to online reports, according to Ember Monitoring, a whale converted 220.1 cbBTC (approximately US$20.81 million) into 6,202.4 ETH at an exchange rate of 0.0354 at the beginning of the year. At that time, BTC was quoted US$94,548 and ETH was quoted US$3,355. If this address holds currency so far, its BTC position will appreciate to approximately US$23.72 million, while the current value of ETH is only US$15.35 million, with a floating book loss of US$8.37 million. What is more noteworthy is that the address recently launched a new round of band operations: it sold 3158 ETH units for US$2378 four days ago in exchange for approximately 7.51 million DAIs, and then it used this DAI for US$2460 three hours ago today. Repurchased 3053 ETH units. This round of operations resulted in the loss of 105 ETH (approximately US$260,000).
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