WBTC whale tops up another 120 WBTC—retail traders shouldn’t just keep yelling “top!”
On-chain monitoring shows that over the past 2 hours, a certain whale withdrew another 120 WBTC from an exchange, worth about $7.8 million. Since July, this address has accumulated 59,400 ETH and 820 WBTC in total, with total holdings valued at roughly $156 million. ETH’s average entry price is $1,742 and WBTC’s average entry price is $64,329, for an unrealized profit of about $8.927 million.
This isn’t a small test buy—it’s a continuous accumulation.
BTC’s current price is $65,375.8, up 1.466% over the past 24 hours. The funding rate is 0.00006058, and sentiment isn’t overly hot—bulls still have the edge. The key level is around $65,868: holding above it creates room to squeeze shorts further. But if price falls back below $64,569, the whale’s story could shift from “smart money adding” to “retail traders chasing the excitement.”
My take: mildly bullish in the short term, but don’t get carried away at resistance levels. Just because the whale is willing to hold doesn’t mean you can blindly chase. The market’s favorite lesson is using other people’s wallets as your own “signal light.”
$BTC daily sell point: $65,868 daily buy point: $64,569
$ETH daily sell point: $1,990 daily buy point: $1,896
$BTC #BTC $ETH #ETH $WBTC #WBTC