A blockchain analyst reports a high-profile address has pulled 4,000 cbBTC from Coinbase since Feb. 2, indicating persistent accumulation despite multi-million-dollar unrealized losses.
Blockchain analyst Ai Aunt disclosed that a smart money address, with $99.22 million in historical ETH trading profits, withdrew 2,500 cbBTC worth $182 million from Coinbase in the past eight hours. Since Feb. 2, the address has moved a total of 4,000 cbBTC at an average purchase price of $74,003.9, currently facing an unrealized loss of $2.995 million. The sustained large withdrawals highlight an ongoing accumulation strategy despite near-term price declines.