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$330 million worth of ETH flows into exchanges: Bitcoin whale holdings show a floating loss of $50 million
【Crypto World】Interesting on-chain data has emerged. An early Bitcoin holder recently transferred over 110,000 ETH to a major exchange, with a total value of approximately $331.8 million. This transfer has attracted quite a bit of attention.
What’s more noteworthy is the current portfolio structure of this investor. Besides the newly transferred ETH, he continues to hold bullish positions in Bitcoin and SOL, with a relatively heavy long position. However, the current market trend doesn’t seem to be cooperating—according to on-chain data, this veteran investor’s unrealized losses have reached around $50 million.
Such movements also reflect a certain state of the current market: even early players who have experienced multiple cycles are facing considerable pressure in this round of the market. Whether to bottom fish or reduce positions, the underlying decision-making logic is worth pondering.