The whale sold 3,158 ETH for $2,378 4 days ago, converting it into 7.51 million DAI, and then today, 3 hours ago, bought back 3,053 ETH for $2,460 using that 7.51 million DAI.

This sell and buy resulted in a loss of 105 ETH ($260,000).

Why discuss this address? Because the ETH at this address was exchanged for BTC at the beginning of the year.

At the beginning of the year, he exchanged 220.1 cbBTC ($20.81M) at a rate of 0.0354 for 6,202.4 ETH. At that time, the BTC price was $94,548, and the ETH price was $3,355.

Looking back now, this is undoubtedly a significant loss, as $220.1 BTC would now be worth $23.72 million. Meanwhile, 6,202.4 ETH is now only worth $15.35 million. This results in a difference of $8.37 million.

Not to mention that this "precious" ETH has also resulted in a loss of 105 ETH.

Address👉: 0xf573bac83413e050e94dc67ffc72fc78e25311c0