A Whale/institution transferred 50 WBTC to Binance for take profit 1 hour ago.

Odaily News According to on-chain analyst Yu Jin's monitoring, a Whale/institution purchased a total of 1,495 WBTC through a revolving loan method during the period from July to November 2024, and transferred 50 WBTC ($5.9 million) to Binance for take profit one hour ago. He bought 1,495 WBTC ($103 million) at an average price of $69,162 using a revolving loan method in the second half of last year, and then began to gradually transfer batches of WBTC to Binance for sale and withdraw USDC for repayment starting in March of this year. So far, he has sold 923 WBTC ($92.26 million), with an average selling price of $99,957. He still holds 553.8 WBTC ($65.51 million). Currently, the total profit on WBTC has reached $55.62 million: this portion sold has realized a profit of $28.42 million, while the unsold portion has unrealized gains of $27.20 million.