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A certain whale/institution that bought the dip in BTC and ETH transferred 2,000 cbBTC to Coinbase this morning, making a profit of $5.37 million.
Odaily Planet Daily reports that according to on-chain analyst Yu Yan’s monitoring, in early February, a whale/institution spent 500 million USD to buy the dip in BTC and ETH, transferring the last 2,000 cbBTC 1928374656574839.25T USD ( into Coinbase during the early hours. They bought 4,000 cbBTC in early February at an average cost of 73,837 USD, and now they have transferred all of it into Coinbase at an average price of 75,181 USD, making a profit of 5.37 million USD.