Whale Buys 83,392 ETH and 1,500 cbBTC Worth $318M After Recent Price Drop

A whale or institution with a track record of $98.95M in swing-trading profits purchased 750 cbBTC worth approximately $55.95M on Feb. 4, on-chain analyst Ember reports. Following the recent sharp decline, the entity accumulated $318M in crypto assets, including 83,392 ETH valued at $204M at an average entry of $2,450 and 1,500 cbBTC valued at $113M at an average of $75,820. The address now holds 173,000 ETH worth $406M and 1,500 cbBTC worth $113M, with an unrealized loss of $65.43M and cost basis at $2,667 for ETH and $75,820 for cbBTC.