A certain whale/institution spent 19.77 million USDC to purchase 187.5 BTC and is currently facing an unrealized loss of about 5.37 million USD.
ChainCatcher news, according to on-chain analyst Yu Jin, a certain whale/institution bought 379.2 BTC at an average price of $120,151 (approximately $45.57 million) a week ago. After the price dropped, they bought another 187.5 BTC with 19.77 million USDC at a transaction price of $105,410.
In total, they spent $65.34 million to purchase 566.9 BTC, with a combined average price of $115,260. Calculated at the current price, they are facing an unrealized loss of about $5.37 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve's "internal war" escalates, and Powell may struggle to rein in the "hawks"
The Federal Reserve may consider restarting reserve management bond purchases to stabilize the level of reserves
The Federal Reserve's reverse repo operation accepted $504.5 billion, with 17 counterparties participating.
UBS: The Fed’s Upcoming Rate Cuts May Boost the Stock Market
Trending news
MoreCrypto prices
More
