An interesting on-chain transfer record reveals a whale's rapid rebalancing strategy. This investor had invested heavily in "digital gold" at the end of October, spending $30 million to buy 264.8 WBTC at a price of $113,262 each (worth $24.85 million). However, with the recent rebound in BTC prices, he seems to have changed his mind.

Today, this whale decisively transferred his WBTC holdings to a certain exchange, but the operation came at a significant cost—an unrealized loss of $5.15 million. From initial deployment to liquidation, just a few months have passed, and such a loss highlights the market's unpredictability.

Interestingly, although he abandoned digital assets, he has not completely exited the market. Data shows that this whale still holds a position worth $13.49 million in physical gold. It appears that in the high volatility of crypto assets, traditional safe-haven assets remain a "favorite" for some large funds. Behind this transfer, it reflects institutional investors' flexible allocation strategies across different market cycles.