The investment arm of decentralized exchange aggregator 1inch has begun offloading significant portions of its crypto portfolio, despite a recent rebound in prices. According to on-chain data shared by monitoring platform EmberCN, the move appears to be a calculated effort to cut losses and hedge against further volatility in the market.<\/p>\n\n\n\n
The 1inch fund recently sold 37.9 Wrapped Bitcoin (WBTC) at an average price of $86,578, totaling approximately $3.28 million. Alongside that, it also unloaded 511 Ethereum (ETH) at $2,072 each, generating around $1.05 million.<\/p>\n\n\n\n
These sales come as both assets attempt to recover from sharp downturns earlier in the year. While Ethereum and WBTC have bounced back above key technical indicators like the 21-day Exponential Moving Average (EMA), their earlier performance left the fund\u2019s positions deeply underwater.<\/p>\n\n\n\n
Between February 2 and March 10, 1inch invested approximately $44.22 million into WBTC, ETH, and its native token 1INCH. That included the purchase of 11,198 ETH at an average of $2,577 (totaling $28.85 million), 160.8 WBTC at an average of $88,395 ($14.21 million), and 4.7 million 1INCH tokens for about $1.15 million.<\/p>\n\n\n\n
\u201cCurrently, everything is underwater,\u201d noted EmberCN, indicating that the recent sales may be aimed at damage control as the market remains uncertain.<\/p>\n\n\n\n
Since early February, Ethereum has seen a steep decline from over $3,300 to a low below $1,800 by March 11. The drop was marked by increased trading volume, especially during large liquidation periods. However, ETH has recently regained some ground, climbing back above $2,090 and testing the 21-day EMA at $2,067 for the first time in weeks.<\/p>\n\n\n\n
Similarly, WBTC dropped from highs above $105,000 to around $76,000, with price action staying mostly below its 21-day EMA until mid-March. It has since recovered to $87,544, now trading above its EMA at $85,515, signaling a potential shift in momentum.<\/p>\n\n\n\n
Despite these rebounds, the prior extended weakness below key moving averages may have prompted 1inch to take a more cautious stance.<\/p>\n\n\n\n
While the 1inch fund has previously shown a strong track record in trading ETH profitably, its current positions are reportedly in the red. The decision to sell during a market recovery may reflect a desire to de-risk in the face of lingering macro and market uncertainties.<\/p>\n\n\n\n
By reducing exposure during a temporary bounce, 1inch may be positioning itself for greater flexibility moving forward, whether for reinvestment at lower levels or to await clearer market signals.<\/p>\n\n\n\n
As crypto markets continue to oscillate between fear and recovery, the fund\u2019s moves underscore the cautious approach even seasoned players are taking amid ongoing volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"
The investment arm of decentralized exchange aggregator 1inch has begun offloading significant portions of its crypto portfolio, despite a recent rebound in prices. According to on-chain data shared by monitoring platform EmberCN, the move appears to be a calculated effort to cut losses and hedge against further volatility in the market. Strategic Selling Amid Recovery…<\/p>\n","protected":false},"author":3,"featured_media":7224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[618,65,301],"class_list":["post-7223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-1-inch","tag-crypto","tag-ethereum"],"yoast_head":"\n