According to Lookonchain's monitoring, a wallet bought 1,768 BTC at $74,603 per coin before the bull market, making the position worth roughly $132 million at the time of purchase. The same wallet missed the most favorable exit window. At the market peak, its unrealized profit reached $91 million. That gain has since flipped into an unrealized loss of approximately $19.7 million. On-chain data then shows the address sent 114 BTC, worth about $7.24 million, to the crypto exchange Kraken, possibly with a sale in mind. The deposit represents a small share of the original 1,768 BTC position, which was accumulated at a strong entry price but has not been sold at an opportune moment. The wallet's exact next steps have not been disclosed.
According to Lookonchain's monitoring, an address bought 1,768 BTC at $74,603 each before the bull market, giving the position a total value of about $132 million but missing the best time to sell. At the market peak, its unrealized profit stood at $91 million. It is now facing an unrealized loss of roughly $19.7 million.
The address subsequently deposited 114 BTC, worth about $7.24 million, into the crypto exchange Kraken, possibly preparing to sell.
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