just saw this on the tracker - some whale or institution loaded up big during the dip in early february. they grabbed 60k+ ETH and 750 units of cBTC, total spend was like $208 million. pretty wild move honestly. the ETH average was around $2,495 each, so about $150M just on that. then they also went hard on cBTC at like $77k per unit, another $58M. so now they're sitting on 150k ETH and 750 cBTC combined. sounds like a lot until you see they're down like $80M on paper right now lol. i guess the real question is whether they're just averaging down or if they know something about where the market's headed. the fact they're still holding that much cBTC tells me they're not panicking at least. you guys think this is smart accumulation or just hopium?

ETH-0.74%
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