🐋 OTC kit, which aggressively bought up BTC and ETH at the beginning of the market decline, appears to be capitulating — it sold 23,500 ETH for $47.8 million to cover loans.

From January 8 to February 2, it accumulated 163,405 ETH worth $440 million at an average of $2691, and then from February 2 to 5, it bought an additional 4,000 cbBTC for $296 million at $74 004.

Currently, its position is deeply in the red — around $135 million. It seems that even major players can't withstand market pressure.