A major whale's WBTC position movement has attracted attention. According to on-chain tracking, this whale holds the equivalent of $30 million in WBTC. During the rebound phase after BTC hit a record high at the end of October last year, they acquired 264.86 WBTC at an approximate cost of $113,012 each. Three months have passed, and the holder recently transferred all their holdings to an exchange, with the purchase price having fallen to $93,823. Calculating this, if they sell now, this move would result in a loss of about $5.082 million. Such a large floating loss indeed reflects the recent market correction's impact on major investors' sentiment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A major whale's WBTC position movement has attracted attention. According to on-chain tracking, this whale holds the equivalent of $30 million in WBTC. During the rebound phase after BTC hit a record high at the end of October last year, they acquired 264.86 WBTC at an approximate cost of $113,012 each. Three months have passed, and the holder recently transferred all their holdings to an exchange, with the purchase price having fallen to $93,823. Calculating this, if they sell now, this move would result in a loss of about $5.082 million. Such a large floating loss indeed reflects the recent market correction's impact on major investors' sentiment.