'The $500 Million Bottom-Fishing Whale' Transfers 670 cbBTC to Coinbase

BlockBeats reports on April 14 that, according to Ember monitoring, the 'whale/institution that spent $500 million bottom-fishing BTC and ETH in early February' transferred 670 cbBTC (approximately $50.11 million) to Coinbase 10 minutes ago. The average cost price for the 4,000 cbBTC purchased in early February was $73,837, meaning today's suspected partial sell-off yielded a profit of $1.1 million.