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A "whale" holding 112.86 WBTC failed to take profits in a timely manner, resulting in a 10% decline in the value of their holdings over two months.
Svmuu News: According to on-chain analyst Ai, the address 0x770…399f2 purchased 112.86 WBTC at an average price of $71,655 on April 14, at the start of the market rally. worth $8.08 million. The position once showed a paper profit of over $1 million in mid-May, but the holder persisted in holding it. Finally, on June 16 and 7 hours ago, the position was liquidated in batches at a selling price of $64,723, resulting in a 10% decline in asset value over the two-month holding period.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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