On-chain analyst Ai Yi tracked two addresses belonging to the same whale that withdrew 109 WBTC (worth $6.57M) from Binance over five days. The whale then used 93.47 WBTC as collateral to borrow USDC and added 31.07 WBTC ($1.86M) on-chain nine hours ago. The total WBTC position now stands at $8.43M with an average entry price of $60,188.
According to on-chain analyst Ai Yi, two addresses belonging to the same whale or entity have withdrawn a total of 109 WBTC (worth approximately $6.57 million) from Binance over the past five days. Following the withdrawals, the whale used 93.47 WBTC as collateral to borrow USDC and then added another 31.07 WBTC (worth $1.86 million) on-chain about nine hours ago.
The whale's cumulative WBTC position now amounts to $8.43 million, with an average entry price of $60,188. The operation pattern suggests a leveraged strategy where WBTC is used as collateral to borrow stablecoins for further accumulation.
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