PANews reported on February 3 that, according to Ember Monitoring, a whale/institution has purchased a total of $262 million worth of ETH and cbBTC in the past three days, including 83,392 ETH (approximately $204 million, with an average price of $2,450) and 750 cbBTC (approximately $57.78 million, with an average price of $77,040).
Currently, it holds a total of 173,000 ETH (approximately $406 million) and 750 cbBTC (approximately $57.78 million), but due to market price fluctuations, it is currently experiencing a paper loss of approximately $55.11 million. The current price of ETH is $2,332.24, and the current price of cbBTC is $78,630.97.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

