A giant whale/institution that accumulated 1,495 WBTC at the end of last year has recently started to sell for profit
According to ChainCatcher's message, monitored by on-chain data analyst Yu Jin, during the period from July to November 2024, a whale/institution accumulated 1,495 WBTC through a revolving loan method and has recently been gradually selling WBTC to take profits.Currently, his total profit on WBTC has reached 49.75 million USD: the sold portion has realized a profit of 19.17 million USD, while the unsold portion has an unrealized profit of 30.58 million USD.He purchased 1,495 WBTC at an average price of 69,162 USD using a revolving loan method in the second half of last year, and then started gradually transferring WBTC to Binance for sale and repaying USDC from March this year. So far, he has sold 723 WBTC for 69.17 million USDC and repaid the loan, with an average selling price of 95,678 USD, and still holds 753.8 WBTC (approximately 82.6 million USD).