Whale Deepens WBTC Bet Despite Red Numbers

Since May 12, whale wallet 0xF0B1966E33Fdac9350491C24c0c5D7a8f11Bf06a has steadily accumulated 83.94 WBTC (~$8.98M) at an average price of $107,005, but the bet is currently in the red with a floating loss of $134,000.

Undeterred, the whale added to the position 4 hours ago, scooping up another 23.7 WBTC for $2.49M at an average of $105,343 per BTC.

This brings the total holdings to $18.22 million worth of WBTC, signaling strong conviction despite short-term pain. Whether it's averaging down or positioning ahead of a bounce, all eyes are on what this strategic whale does next.