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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.
According to BlockBeats news on November 21, on-chain analyst Ai Yi (@ai9684xtpa) monitored that a certain Whale “closed all positions in ETH, selling part of WBTC”. In the past 8 hours, they sold 250 WBTC at an average price of $84,710 (21.17 million USD), incurring a loss of 7.948 million USD. Their ETH holdings were gradually closed out from November 17 to November 21, ultimately selling 17,497 ETH (52.41 million USD) at an average price of $2,994.9, resulting in a loss of 18.4 million USD from the previous position of 13,316 ETH. The WBTC and ETH that this Whale accumulated at the peak in August to September of this year have lost 26.348 million USD in less than four months, with 1,310 WBTC still incurring unrealized losses of 40.71 million USD.