A whale swapped 220 BTC for ETH at the beginning of the year and is now facing a floating loss of $8.37 million. Recently, they started frequent operations and lost another 105 ETH.

BlockBeatsJun 25, 2025
#Bitcoin $BTC$DAI$ETH
On June 26, according to Ember Monitoring, a whale converted 220.1 cbBTC (approximately $20.81 million) into 6,202.4 $ETH at an exchange rate of 0.0354 earlier this year. At that time, the $BTC price was $94,548 and the $ETH price was $3,355. If the address had held the coins until now, its $BTC holdings would have appreciated to approximately $23.72 million, while the current value of $ETH is only $15.35 million, resulting in a floating loss of as much as $8.37 million.

More noteworthy is that the address recently started a new round of swing trading: 4 days ago, it sold 3,158 $ETH for approximately 7.51 million $DAI at a price of $2,378, and then 3 hours ago today, it used the $DAI to repurchase 3,053 $ETH at a price of $2,460. This round of operations resulted in a loss of 105 $ETH (approximately $260,000). [BlockBeats]

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A whale swapped 220 BTC for ETH at the beginning of the year and is now facing a floating loss of $8.37 million. Recently, they started frequent operations and lost another 105 ETH.

BlockBeatsJun 25, 2025
#Bitcoin $BTC$DAI$ETH
On June 26, according to Ember Monitoring, a whale converted 220.1 cbBTC (approximately $20.81 million) into 6,202.4 ETH at an exchange rate of 0.0354 earlier this year. At that time, the BTC price was $94,548 and the ETH price was $3,355. If the address had held the coins until now, its BTC holdings would have appreciated to approximately $23.72 million, while the current value of ETH is only $15.35 million, resulting in a floating loss of as much as $8.37 million.

More noteworthy is that the address recently started a new round of swing trading: 4 days ago, it sold 3,158 ETH for approximately 7.51 million DAI at a price of $2,378, and then 3 hours ago today, it used the DAI to repurchase 3,053 ETH at a price of $2,460. This round of operations resulted in a loss of 105 ETH (approximately $260,000). [BlockBeats]

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