Unrealized Loss Exceeds $15 Million: A Whale Deposits 438.37 BTC to Coinbase Prime

Odaily Report: A whale withdrew 615.4 BTC from Coinbase Prime custody 16 months ago at an average price of $105,271. Over the past night, the whale deposited 438.37 BTC, worth $35.38 million, to Coinbase Prime. BTC is currently priced at $80,807, putting this position at an unrealized loss of over $15 million. The whale still holds assets worth $14.31 million.