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Whale/Institution that Accumulated 1,495 WBTC at the End of Last Year Begins Profit-Taking Sales Recently
Summary: According to on-chain data analyst Yu Jin, a whale/institution that accumulated 1,495 WBTC through leverage loans from July to November 2024 has started selling WBTC to take profits. Currently, the comprehensive profit on WBTC is as high as $49.75 million: realized profit of $19.17 million from sales and unrealized profit of $30.58 million from remaining ...
According to on-chain data analyst Yu Jin, a whale/institution that accumulated 1,495 WBTC through leverage loans from July to November 2024 has started selling WBTC to take profits.
Currently, the comprehensive profit on WBTC is as high as $49.75 million: realized profit of $19.17 million from sales and unrealized profit of $30.58 million from remaining holdings.
Starting from the second half of last year, the whale/institution purchased 1,495 WBTC at an average price of $69,162 through leverage loans. Since March of this year, they have been gradually transferring WBTC to Binance for sale and repayment in USDC. So far, they have sold 723 WBTC for $69.17 million USDC and repaid the loans, with an average selling price of $95,678, still holding 753.8 WBTC (approximately $82.6 million).
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Link: Whale/Institution that Accumulated 1,495 WBTC at the End of Last Year Begins Profit-Taking Sales Recently [Copy]
