Odaily reported that, according to monitoring by on-chain analyst Ai Yi, address 0x770…399f2 bought 112.86 WBTC on April 14, at what was described as the starting point of that market upswing. The purchase was made at an average price of $71,655, with the position valued at about $8.08 million at the time.
The address continued to hold the WBTC position after the purchase. Monitoring data cited by Ai Yi showed that the position once had more than $1 million in unrealized profit in mid-May, but the holder did not take profit at that stage and kept the position open.
The address eventually closed the position in batches on June 16 and again seven hours before the report. The reported selling price was $64,723. Based on the disclosed entry and exit prices, the two-month holding period resulted in a 10% shrinkage in asset value for this WBTC position.