ChainCatcher message, blockchain data monitoring platform Onchain Lens has discovered that SideShift.ai founder Andreas Brekken has recently made a large transaction on-chain. He withdrew 5 million USDC from Hyperliquid, of which 2 million USDC was used to purchase 21.11 cbBTC at an average price of $94,742. This operation has attracted market attention.

It is worth noting that Andreas has set his trading to automatic purchase mode, buying cbBTC every 36 minutes. Currently, he still holds 3 million USDC in his wallet, planning to continue purchasing cbBTC. This ongoing purchasing strategy may impact the market price and market capitalization ranking of cbBTC.