🐋 OTC kit, which aggressively bought up BTC and ETH at the beginning of the market decline, appears to be capitulating — it sold 23,500 ETH for $47.8 million to cover loans.
From January 8 to February 2, it accumulated 163,405 ETH worth $440 million at an average of $2,691, and then from February 2 to 5, it bought an additional 4,000 cbBTC for $296 million at $74 004.
Currently, its position is deeply in the red — around $135 million. It seems even major players can't withstand market pressure.
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