According to on-chain analyst Ember, the entity has now completed transfers of 4,000 cbBTC to Coinbase after buying in early February, realizing about $5.37 million in profit.
An entity described as a whale or institution moved the final 2,000 cbBTC worth about $151 million to Coinbase, completing total transfers of 4,000 cbBTC. According to on-chain analyst Ember, the position was accumulated in early February at an average cost of $73,837 per cbBTC and transferred out at an average price of $75,181, resulting in an estimated profit of $5.37 million. This update expands on the earlier report of a 1,000 cbBTC deposit and indicates the full exit has now been completed.