A whale is suspected of selling off $6.2 million worth of WBTC and other BTC assets, while its 80,000 ETH holdings show an unrealized profit of $30.79 million.
Oct 21, 09:54
On Oct 21 that on-chain analyst Ai Yi (@ai_9684xtpa) tracked a whale who opened a position of 80,157.67 ETH starting March 11, which allegedly sold 75.03 WBTC and KBTC approximately 4 hours ago, worth around $6.2 million. The average withdrawal price for this portion of the tokens was $78,068.55, yielding an estimated profit of $346,000 upon sale.
On-chain data shows that the whale previously withdrew a cumulative total of 80,157.67 ETH from exchanges over a four-day period from March 11 to 14, totaling approximately $167 million at an average withdrawal price of $2,078.89. This batch of ETH currently holds an unrealized profit of roughly $30.79 million, with no position reduction observed.