A whale takes profit on 723 WBTC, with total gains exceeding $49.75 million

Odaily Planet Daily News: According to monitoring by @EmberCN, a whale/institutional address that accumulated 1,495 WBTC through revolving loans from July to November 2024 has recently started selling WBTC on an exchange and withdrawing USDC for loan repayment. As of now, this address has sold 723 WBTC at an average price of approximately $95,678, recovering 69.17 million USDC. It still holds about 753.8 WBTC (worth around $82.6 million), with total unrealized and realized profits amounting to approximately $49.75 million.