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A Whale is dumping part of WBTC and close all positions in ETH, with a loss of 26.348 million USD over 4 months.
On November 21, according to on-chain analyst Ai Yi (@ai_9684xtpa), a certain Whale “closed all positions in ETH, selling part of WBTC.” In the past 8 hours, it sold 250 WBTC at an average price of $84,710 (21.17 million USD), incurring unrealized losses of 7.948 million USD. Its ETH holdings were gradually closed between November 17 and November 21, ultimately selling 17,497 ETH (52.41 million USD) at an average price of $2,994.9, resulting in unrealized losses of 18.4 million USD from the previously built position of 13,316 ETH. The WBTC and ETH that this Whale accumulated at the peak in August to September this year have lost 26.348 million USD in less than four months, and the remaining 1,310 WBTC still has unrealized losses of 40.71 million USD.