ETH Whales Profit $98.95M Reentering 23K ETH Position

BlockBeats News, February 3rd, according to on-chain analyst Primitive Ventures, over the past 15 hours, a whale/institution that has been conducting ETH scalping and has made a profit of $98.95 million continued to increase its position by 23,000 ETH. Over the past three days, it has accumulated $262 million worth of cbBTC and ETH.

· 83,392 ETH ($204 million) with an average price of $2,450.
· 750 cbBTC ($57.78 million) with an average price of $77,040.

Now, it holds a total of 173,000 ETH ($406 million) and 750 cbBTC ($57.78 million), with an unrealized loss of $55.11 million: average purchase price of ETH is $2,667 and cbBTC is $77,040.