In the last three days, a wallet that purchased 1,074 WBTC four years ago sold 700 WBTC with profits reaching nearly 75 million USD.
According to on-chain analysis, this amount of WBTC was purchased at an average price of 10,708 USD and sold at an average price over 11 times higher, indicating strong long-term appreciation of this asset.
MAIN CONTENT
A wallet holding 1,074 WBTC sold 700 WBTC in the last 3 days.
The average purchase price of 700 WBTC is 10,708 USD, the average sale price is 117,697 USD.
Estimated profit reaches up to 74.89 million USD, the wallet still holds 800 WBTC.
Which wallet has sold 700 WBTC in large quantities in recent days?
This is the wallet that established a position with 1,074 WBTC four years ago at an average purchase price of 10,708 USD, and has sold 700 WBTC in the last three days at an average sale price of 117,697 USD, according to reports from on-chain analyst @ai_9684xtpa.
Expert analysis shows that this move reflects a successful long-term profit-taking strategy as the asset appreciated several times during that period.
The move to sell 700 WBTC for a profit of over 74 million USD reflects the potential strength and profitability of WBTC in the long term, as well as the patience of major investors.
— Crypto analyst @ai_9684xtpa, 2024
What is the actual profit from selling these 700 WBTC?
Estimated profit reached 74.89 million USD, calculated from an average purchase price of 10,708 USD to an average sale price of 117,697 USD for each WBTC. This is an extremely impressive value increase over four years of holding the coin.
This figure demonstrates the significant profit potential of investing in WBTC and the strong price increase of the cryptocurrency market associated with Bitcoin during this period.
How much WBTC does this wallet still hold after selling 700 WBTC?
This wallet still holds 800 WBTC after selling 700 WBTC, demonstrating a substantial position and continuing to monitor market fluctuations for appropriate future decisions.
Holding this significant amount of WBTC shows a professional portfolio management strategy, taking advantage of long-term market opportunities.
Frequently Asked Questions
1. What is WBTC and why is it a long-term investment?
WBTC is Bitcoin tokenized on the Ethereum blockchain, leveraging DApp and DeFi features. This asset is of interest to whales due to its liquidity and long-term price potential.
2. How is the average purchase and sale price calculated?
The average purchase price is the initial investment price based on the total amount of WBTC purchased, similarly, the average sale price is calculated based on the amount of WBTC sold during a certain period.
3. Is the profit from selling WBTC significant?
Profits up to 74.89 million USD show the profitability strength of investing and holding WBTC long-term, especially in the context of a booming growth market.
4. What advantages does holding the remaining WBTC balance offer?
Holding 800 WBTC helps the investor maintain market position, ready to take advantage of potential price increases or coordinate with DeFi strategies.
5. Is this information reliable?
The report is based on on-chain analysis, provided by an authoritative expert, thus ensuring high accuracy and authenticity in the data and transaction developments.
Source: https://tintucbitcoin.com/wbtc-bay-hoi-824-trieu-usd/
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