《Whales Taking Profits or Building Positions? Don't Ignore the $90 Million Signal》
On-chain data shows that, "Since July 2024, whales have been repeatedly going long on WBTC at an average price of $69,079," and 40 minutes ago, they are suspected to have sold 100 WBTC, partially taking profits, amounting to approximately $9.19 million.
This address currently still has 1,053.79 WBTC (approximately $9.736 million) mortgaged, with 43.68 million USDT borrowed, resulting in an overall floating profit of about $24.47 million.
This could be an important signal—Is it risk control? Is it portfolio adjustment? Or is it a turning point for sentiment?
What do you think? Is this operation a top signal or just a minor reduction in holdings? Let's discuss in the comments.
