Crypto Whale Portfolio Loses $92.5M in Market Crash

A sharp downturn across the crypto market has significantly impacted a Matrixport-linked whale, putting major pressure on its holdings.

Specifically, the investor’s portfolio consists of 120,000 Ethereum, valued at roughly $187 million, and 500 Bitcoin, valued at around $29.33 million.

Together, the positions are now reported to be down by more than $92.5 million.

The losses come as Bitcoin fell below the $60,000 level and is currently trading at $59,125, marking a 2.8% drop over the past 24 hours. Meanwhile, Ethereum also declined, slipping under $1,600 to $1,561, down 4.7% in the same period.

Source: Lookonchain