A whale/institution that accumulated 1,495 WBTC by the end of last year has recently started to sell and take profit.

On July 4, according to on-chain data analyst Yu Jin's monitoring, 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 profit. His total profit on WBTC has reached as high as 49.75 million USD: the sold portion has realized a profit of 19.17 million USD, and the unsold portion has unrealized gains of 30.58 million USD. He purchased 1,495 WBTC at an average price of 69,162 USD using the revolving loan method in the second half of last year, and then started gradually transferring WBTC to CEX for sale and withdrawing USDC for repayment starting 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, still holding 753.8 WBTC ( worth approximately 82.60 million USD ).