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An interesting move is here – that large investor who bought the dip of WBTC at the bottom of the 2022 Bear Market at $16,933 has recently started to dump.
Starting from yesterday, this guy has already dumped 176.17 WBTC, which is approximately 15.8 million dollars. The selling average price is 89679, doing the math: just from this wave, he made 12.81 million dollars. Tsk tsk, truly smart money.
But don't worry, they still have goods in hand. On-chain data shows that there are currently 280.479 WBTC sitting in the wallet, which is worth approximately 25.73 million dollars at the current price.
The movements of players at this level are often more significant than technical indicators. Is it a phase of taking profits? Or have they caught a whiff of some trend? Everyone can taste it for themselves.