Giant Whale increases its holdings of 1346 BTC worth $87.28 million

[A Whale Sells 7,323 ETH After Holding for Over 3 Years, Incurring a Loss of Over $19 Million] According to monitoring by Lookonchain, the whale at address 0x7C5...7b86 sold 7,323 ETH after holding for over 3 years, with a total loss exceeding $19 million. This whale had previously purchased ETH at an average price of $2,723 in February 2022 and March 2023 and staked it. Approximately 10 hours ago, the 7,323 ETH sold was valued at around $13.96 million.

A new wallet address of 167YVr transferred 1346 BTC worth $87.28 million from Galaxy Digital. （Lookonchain）

According to @ ai_9684xtpa monitoring, the address that had previously opened a $102 million BTC short order cut 700 BTC and lost $624000 at 21:00 last night. Today at 09:33 (UTC+8), it added another 30 BTC positions. At present, the address holds 930 BTC (approximately 60.32 million US dollars), with an average entry price of 642130 US dollars and a liquidation price of 653060 US dollars. It still has a floating loss of 605000 US dollars.

According to Bloomberg, data center company Switch Inc. has secretly submitted an IPO application in the United States, with plans to go public as early as November this year. Switch is partnering with Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to seek a valuation of nearly $50 billion. Andreessen Horowitz co-founder Ben Horowitz will join the Switch board of directors. Switch is headquartered in Las Vegas and is controlled by Digital Bridge.

Monitoring shows that addresses 0x7C5... 77b86 have awakened and recharged 7323 ETH worth $13.96 million to Kraken. The address had previously raised 23834.17 ETH at an average price of $2723.2 between February 15 and March 21, 2022, with a total value of $64.9 million, and pledged it to Rocket Pool. If sold this time, it would result in a loss of $5.977 million. (Auntie Ai)