A large whale has built a position in WBTC with 38.16 million dollars at an average price of 85754.65 dollars over the past thirty days, and recent actions indicate that it is about to start dumping.

This morning, I just deposited 195 WBTC into a major exchange, worth 17.05 million USD. This transfer, combined with a deposit from three weeks ago, suggests that this whale has allegedly dumped 245 WBTC. At the current market price, this has realized approximately 3.25 million USD in profit.

Interestingly, this is not all the holdings that have been liquidated. There are still 200 WBTC lying in the wallet, with an unrealized profit of $389,000 on the books. From building a position until now, the price of the coin soared to $94,555 during this period, just imagine how sweet his unrealized profit must have been then.

The current pace of gradually reducing positions seems to be testing the market depth, after all, throwing in sell orders of this magnitude will not result in small price fluctuations. The subsequent developments are worth continuing to pay attention to.