According to PANews on June 26, based on Yujin monitoring, a whale once exchanged 220.1 cbBTC (approximately $20.81 million) for 6,202.4 ETH at a rate of 0.0354 at the beginning of the year, with BTC priced at $94,548 and ETH at $3,355. If the address held the assets until now, its BTC position would have appreciated to around $23.72 million, while the current value of ETH is only $15.35 million, resulting in an unrealized loss of approximately $8.37 million.
More notably, the address recently started a new swing trading operation: 4 days ago, it sold 3,158 ETH at $2,378 and received about 7.51 million Dai, and then repurchased 3,053 ETH with this Dai 3 hours ago at a price of $2,460. This round of operation resulted in a loss of 105 ETH (approximately $260,000).
