Whale sells $47.6M in ETH at a loss

A whale who purchased $500 million in BTC and ETH earlier this month sold 23,500 ETH, worth $47.6 million, at a loss today, EmberCN reported. The investor still holds 150,000 ETH ($302 million) and 4,000 cbBTC ($268 million). The average purchase price for the ETH was $2,667, while the cbBTC was acquired at an average of $73,837. The position currently has an unrealized loss of $126 million.