Smart money that once bought the bottom of ETH and made a profit of $1.27 million bought BTC last night
According to Chain Analysis Analyst @ai_9684xtpa, on February 2nd, it was reported by Jinse Finance that the smart money that made a profit of 1.27 million US dollars by buying the dip in ETH on August 5th last year, bought the dip in BTC yesterday. They first mortgaged 13.74 million USD0++ and borrowed 10.9 million USDC in Morpho. They then used 5.498 million USDC to buy 53.82 WBTC at an average price of 102,145 US dollars. They added bilateral liquidity to Uniswap V2 with 53.82 WBTC and the remaining 5.485 million USDC and ate LP fees. Currently, this part of BTC is floating at a loss of 56,000 US dollars.
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