A major whale/institution sold off 12,000 ETH and 330 cbBTC, worth $51.79 million.

CoinFeed reported on March 17th that, according to on-chain analyst Yu Jin, a "whale/institution" who spent $500 million to buy BTC and ETH in early February sold off 12,000 ETH and 330 cbBTC last night after the market rally, worth $51.79 million. However, the price of ETH has not yet recovered to his average purchase price, meaning this sale was still a loss: his average cost for ETH was $2,667 and for cbBTC it was $73,837. The sale resulted in a loss of $19.66 million. He currently holds ETH and BTC worth $603 million: 138,000 ETH ($326 million) + 3,670 cbBTC ($277 million).