A whale deposited 438.37 BTC into Coinbase Prime, incurring a paper loss of over $15 million.

Whale bc1q9 withdrew 615.4 BTC from Coinbase Prime custody 16 months ago at an average price of $105,271. Overnight, it deposited 438.37 BTC into Coinbase Prime, equivalent to approximately $35.38 million. With BTC currently priced at $80,807, this position represents a paper loss of over $15 million, while the holder still holds $14.31 million.