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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.
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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.
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