Whale incurred unrealized losses of 8.37 million USD from BTC to ETH at the beginning of the year, and further losses of 260,000 USD from another operation.

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[Chain News] PANews, June 26 - According to monitoring, a certain Whale exchanged 220.1 cbBTC (approximately 20.81 million USD) for 6,202.4 ETH at an exchange rate of 0.0354 at the beginning of the year. At that time, BTC was priced at 94,548 USD and ETH was priced at 3,355 USD. If the Address had held the coins until now, its BTC Holdings would have appreciated to approximately 23.72 million USD, while the current value of ETH is only 15.35 million USD, resulting in unrealized losses of up to 8.37 million USD.

What is more noteworthy is that this address has recently initiated a new round of swing trading: 4 days ago, it sold 3,158 ETH at a price of $2,378 for approximately 7.51 million DAI, and then, 3 hours ago today, it used this DAI to repurchase 3,053 ETH at a price of $2,460. This round of operations resulted in a loss of 105 ETH (approximately $260,000).

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Blockwatcher9000vip
· 06-26 05:38
buy the dip bought it halfway up the mountain, really a vegetable.
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LiquidatorFlashvip
· 06-26 05:37
It's hard to bear... the liquidation line has triggered warnings like crazy, this wave has caused huge losses.
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SatoshiSherpavip
· 06-26 05:36
Whales also buy low and sell high, which is 🤡.
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CryptoNomicsvip
· 06-26 05:28
statistically speaking, this whale's understanding of cross-asset correlation matrices is... *painful* to watch
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