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Whale Deposits 50 WBTC to Binance for Profit Taking, Purchased at Average Price of $69,162 with Revolving Loan Last Year
Summary: According to reports, a whale/institution accumulated 1,495 WBTC through revolving loans between July and November 2024, and transferred 50 WBTC ($5.9 million) to Binance for profit taking one hour ago. Last year, the whale purchased 1,495 WBTC at an average price of $69,162 ($103 million) using revolving loans, and has been gradually transferring WBTC to ...
According to reports, a whale/institution accumulated 1,495 WBTC through revolving loans between July and November 2024, and transferred 50 WBTC ($5.9 million) to Binance for profit taking one hour ago.
Last year, the whale purchased 1,495 WBTC at an average price of $69,162 ($103 million) using revolving loans, and has been gradually transferring WBTC to Binance for selling and repaying in USDC since March this year. So far, 923 WBTC ($92.26 million) have been sold at an average price of $99,957. Currently, the whale still holds 553.8 WBTC ($65.51 million).
The whale has made a total profit of $55.62 million on WBTC: realized profit of $28.42 million from sold portion and unrealized profit of $27.20 million from unsold portion.
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Link: Whale Deposits 50 WBTC to Binance for Profit Taking, Purchased at Average Price of $69,162 with Revolving Loan Last Year [Copy]
