Between July and November 2024, a whale/institution cumulatively purchased 1,495 $WBTC through a revolving loan method and has recently been gradually selling WBTC to take profits.

He currently has a total profit of $49.75 million on WBTC: realized profit from sold portion is $19.17 million, and unrealized profit from unsold portion is $30.58 million.

He purchased 1,495 $WBTC at an average price of $69,162 using a revolving loan method in the second half of last year, and then started gradually transferring WBTC to Binance to sell and withdraw USDC for repayment from March this year.

As of now, he has sold 723 WBTC for 69.17 million USDC and repaid, with an average selling price of $95,678. He still holds 753.8 WBTC ($82.6M).

Address🔗👉: 0x6924c94839ab2f9137c2b1bb20c847ff665b42f6