Whale Address BTC to ETH unrealized losses of 8.37 million USD. Swing trading lost another 260,000 USD.

RektRecovery · 2025-06-26T04:56:26+00:00

A whale exchanged 220.1 cbBTC for 6202.4 ETH at the beginning of the year. If it continues to hold BTC, its value will rise to 23.72 million USD, while the value of ETH will only be 15.35 million USD, resulting in unrealized losses of 8.37 million USD. Recently, the address engaged in swing trading, leading to a loss of 105 ETH.

RektRecovery

2025-06-26 04:56:26

Abstract generation in progress

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 dollars to acquire approximately 7.51 million DAI, and then, just 3 hours ago today, it repurchased 3,053 ETH at a price of 2,460 dollars using this DAI. This round of operations resulted in a loss of 105 ETH (approximately 260,000 dollars).

BTC0,86%

ETH1,15%

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