BlockBeats reported on Sept. 1 that a whale which opened a WBTC position during the May rebound has now closed it out. The movement was flagged by on-chain analyst Ai Yi (@ai_9684xtpa). The wallet bought 78 WBTC on-chain on May 19 at an average price of $76,824, for a total outlay of approximately $5.99 million. Shortly after the purchase, WBTC's price kept sliding, and the position at one point showed an unrealized loss of $1.423 million. The drawdown also reached 24% from the peak value of the holdings at the time. Instead of exiting at a loss, the whale held on. Nine hours before the monitoring update, the investor sold all 78 WBTC at an average price of $78,463 per token. That final sale left the whale with a realized profit of $127,000. Ai Yi's data shows the position remained open for several months, as the whale waited to return to profit.
BlockBeats reported on Sept. 1 that an on-chain analyst known as Ai Yi (@ai_9684xtpa) has tracked a whale exiting its entire WBTC position. The wallet first bought 78 WBTC on May 19 at an average price of $76,824, paying about $5.99 million. WBTC's price then fell, and the trade at its deepest point was sitting on an unrealized loss of $1.423 million, with the holdings marked as much as 24% below the peak value.
The whale did not cut the position. Nine hours before the analyst's alert, the wallet sold the full 78 WBTC at $78,463 per token, collecting a profit of $127,000. The exit was completed on-chain, according to Ai Yi's monitoring data.
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