A certain Whale exchanged BTC for ETH at the beginning of the year and currently has unrealized losses of 8.37 million USD, with recent frequent operations leading to an additional loss of 105 ETH.

PANews June 26 news, according to Yujin monitoring, a certain Whale had exchanged 220.1 cbBTC (approximately 20.81 million USD) at an Exchange Rate of 0.0354 for 6,202.4 ETH at the beginning of the year, when the BTC price was 94,548 USD and the ETH price was 3,355 USD. If that Address holds 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 as much as 8.37 million USD. What is more noteworthy is that this address has recently initiated a new round of swing trading: 4 days ago, it sold 3,158 ETH at a price of $2,378 to obtain approximately 7.51 million DAI, and then, 3 hours ago today, it used this 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).