Data: A certain whale/institution took losses and reduced positions with 12,000 ETH and 330 cbBTC, valued at $51.79 million

ZkProver · 2026-03-17T04:35:13+00:00

On-chain analyst余烬 detected that a whale who bought the bottom with $500 million in BTC and ETH in early February recently reduced positions after the market rally, selling 12,000 ETH and 330 cbBTC, realizing a loss of $19.66 million. Despite the position reduction, the whale still holds assets worth $603 million.

ZkProver

2026-03-17 04:35:13

Abstract generation in progress

ChainCatcher reports that on-chain analyst Yu Yan monitored that “in early February, a whale/institution spent $500 million to buy the dip in BTC and ETH.” Last night, after the market rose, they reduced their holdings by 12,000 ETH and 330 cbBTC, worth $51.79 million.

However, the current ETH price has not yet recovered to their average purchase price, meaning this reduction still results in a loss: their average cost for ETH is $2,667, and for cbBTC is $73,837. The partial sale realized a loss of $19.66 million. They still hold $603 million worth of ETH and BTC: 138,000 ETH (worth $326 million) and 3,670 cbBTC (worth $277 million).

ETH2,98%

BTC1,31%

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