A giant whale/institution that purchased a total of 1495 WBTCs at the end of last year has recently started selling them for profit

BlockBeats News: On July 4th, according to on chain data analyst Yu Jin's monitoring, from July to November 2024, the giant whale/institution that purchased a total of 1495 WBTCs through revolving loans has been selling WBTCs for profit recently. He currently has a comprehensive profit of up to $49.75 million on WBTC: a realized profit of $19.17 million on the sold portion and a floating profit of $30.58 million on the unsold portion. He purchased 1495 WBTCs using a revolving loan method at an average price of $69162 in the second half of last year, and then gradually transferred the WBTCs to Binance for sale and withdrew them back to USDC for repayment starting from March this year. So far, 723 WBTCs have been sold to exchange for 69.17 million USDC and repaid, with an average selling price of 95678 USD. We still hold 753.8 WBTCs (approximately 82.6 million USD).