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A whale transferred 264.8 WBTC to Binance, resulting in an unrealized loss of approximately $5.15 million.
Svmuu News: According to crypto analyst Yu Jin @EmberCN, a whale address that had previously bet on both "digital gold" and "real gold" chose to cut losses and exit its positions in Bitcoin following the rise in BTC.The address had purchased 264.8 WBTC (worth approximately $24.85 million) at an average price of $113,262 in late October, all of which has now been transferred to Binance, resulting in a loss of approximately $5.15 million.After liquidating its WBTC holdings, the address currently still holds approximately $13.49 million worth of gold-related assets (XAUt and PAXG), with an average purchase price of about $4,239 and a current paper profit of approximately $1.07 million.
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