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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Whale exchanges coins with a huge loss of 8.37 million USD, and incurs a loss of 105 ETH in another swing trading operation.
On June 26, according to monitoring by [Block Rhythm], a certain whale exchanged 220.1 cbBTC (approximately 20.81 million USD) for 6,202.4 ETH at an exchange rate of 0.0354 at the beginning of the year, when BTC was priced at 94,548 USD and ETH was priced at 3,355 USD. If that address had held the coins until now, its BTC holdings would have appreciated to approximately 23.72 million USD, while the current value of ETH is only 15.35 million USD, resulting in unrealized losses of up to 8.37 million USD.
What is more noteworthy is that this Address recently initiated a new round of swing trading: 4 days ago, it sold 3,158 ETH at a price of $2,378, exchanging it for approximately 7.51 million DAI, and then 3 hours ago today, it repurchased 3,053 ETH with this DAI at a price of $2,460. This round of operations resulted in a loss of 105 ETH (approximately $260,000).