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"500 million USD whale" transfers 670 cbBTC to Coinbase, worth approximately 50.11 million USD
Deep Tide TechFlow News, April 14, according to on-chain analyst Ember (@EmberCN), a whale/institution that bought back BTC and ETH with 500 million USD in early February transferred 670 cbBTC (about 50.11 million USD) into Coinbase 10 minutes before BTC rose today.
The whale bought 4,000 cbBTC in early February at an average cost of 73,837 USD, and took some profit of about 1.1 million USD from a reduction today.
Currently, the whale still holds ETH and BTC worth approximately 556 million USD, including 138,000 ETH (about 330 million USD) and 3,000 cbBTC (about 226 million USD).