According to Deep Tide TechFlow news, on July 27, on-chain analyst Ember (@EmberCN) monitored that a whale/institution accumulated 1,495 WBTC through a revolving loan method between July and November 2024, and one hour ago, they continued to transfer 50 WBTC (valued at 5.9 million USD) to Binance for profit-taking.
The giant whale/institution purchased 1,495 WBTC (total value of 103 million USD) through a revolving loan method at an average price of 69,162 USD in the second half of last year. Since March of this year, they have gradually transferred WBTC to Binance for sale and repaid USDC. They have sold 923 WBTC (valued at 92.26 million USD) at an average selling price of 99,957 USD, and still hold 553.8 WBTC (valued at 65.51 million USD).
The giant whale currently has a total profit of 55.62 million USD on WBTC, of which 28.42 million USD has been realized, and 27.20 million USD is unrealized floating profit.
