TechFlow News: On March 17, blockchain analyst Ember (@EmberCN) reported that a whale/institution—which invested $500 million in BTC and ETH in early February—reduced its position on March 17 following the market rebound, selling 12,000 ETH and 330 cbBTC, valued at approximately $51.79 million. As the current ETH price remains below its average acquisition cost (ETH average cost: $2,667; cbBTC average cost: $73,837), this reduction constitutes a loss-cutting move, realizing a loss of roughly $19.66 million. The whale still holds a position worth approximately $603 million, comprising 138,000 ETH (valued at ~$326 million) and 3,670 cbBTC (valued at ~$277 million).
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