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A whale/institution that bottom-fished BTC and ETH transferred 2,000 cbBTC into Coinbase this morning, profiting $5.37 million
20/04/2026 21:52
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According to on-chain analyst Yu Jian's monitoring, the whale/institution that spent $500 million to bottom-fish BTC and ETH in early February transferred the final 2,000 cbBTC ($151 million) into Coinbase in the early hours of this morning. The average cost price for the 4,000 cbBTC purchased in early February was $73,837. They have now transferred all of it into Coinbase at an average price of $75,181, realizing a profit of $5.37 million.
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