Whale Buys 60,392 ETH and 750 cbBTC for $208M During Market Downturn

A whale that previously realized $98.95 million in ETH swing profits purchased $208 million worth of cbBTC and ETH on Feb. 2, EmberCN data show. The entity acquired 60,392 ETH at an average price of $2,495 ($150 million) and 750 cbBTC at $77,040 ($57.78 million). The whale now holds 150,000 ETH ($330 million) and 750 cbBTC ($57.78 million), with an unrealized loss of $80.65 million and an average ETH cost basis of $2,726.