Whale Offloads 30 WBTC as Profits Diminish**
BlockBeats reports that a major cryptocurrency investor, identified by wallet address 0xA75...a5290, liquidated 30 Wrapped Bitcoin (WBTC) two hours prior. This follows a series of sales totaling 60 WBTC (worth $5.058 million) over the past week, netting a realized profit of $542,000.
The whale initially accumulated 397.96 WBTC between April 2024 and January 2025 at an average price of $75,271 per token, investing approximately $29.95 million. While the address still holds 278.6 WBTC with an unrealized gain of $2.56 million, its potential profits have significantly eroded, dropping by $6.04 million compared to Bitcoin’s all-time high in December 2023.