Calculate whether the largest market maker in Ethereum is currently making a profit or a loss?

This afternoon, the largest Ethereum holding institution Bitmine Immersion disclosed data, with its total ETH holdings reaching 625,000 coins, and the overall purchase cost of ETH is approximately $3,755.

You can calculate how much they have lost. Currently, at ETH 3657, the floating loss percentage is 2.68%, with a floating loss of 61.25 million dollars.

Some institutions are experiencing losses, retail investors don’t need to panic too much, but there may still be significant pullback risks in the last two days. Although we are still looking at the previous high of 4100, a consolidation in between is inevitable. Those with heavy long positions may choose to reduce their holdings a bit, but some altcoins have just dropped to the daily moving average support, and it is possible to go for a wave of long positions. If the daily moving average drops further, it’s also possible for altcoins to pull back another 10-20 points.