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Looping whale sells 200 cbBTC for $15.5m at $77,458, says Yu Jin

NewsFeeds update

On-chain analyst Yu Jin says a looping whale (0xc79b...12be) sold 200 cbBTC for $15.5m in USDC at $77,458 nine hours ago. The coins were bought between February and July at an average of $68,750, giving a $1.74m profit.

BitcoinOdailyAIBearish

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The story so far: Looping whale cbBTC trades

On-chain analyst Yu Jin reported the looping whale 0xc79b sold 200 cbBTC for $15.5m at $77,458, coins bought at an average of $68,750. The whale later panic-sold 288.1 cbBTC for $22.4m after the Binance hack, then bought back 203.6 cbBTC at $77,804.

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  1. Looping whale sells 200 cbBTC for $15.5m at $77,458, says Yu Jin

  2. Looping whale sells 288.1 cbBTC in panic, then buys back 203.6 at higher price

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