A certain whale transferred 264.8 WBTC to Binance, with a floating loss of approximately 5.15 million USD.
According to analyst Yu Jin @EmberCN, a whale address that had previously bet on both 'digital gold' and 'real gold' chose to cut losses on its Bitcoin-related positions after the BTC price increase. This address had purchased 264.8 WBTC (worth approximately 24.85 million USD) at an average price of 113,262 USD at the end of October and has fully transferred it to Binance, incurring a loss of about 5.15 million USD.
After liquidating WBTC, this address still holds gold-related assets worth approximately 13.49 million USD (XAUt and PAXG), with an average holding price of about 4,239 USD, and a current paper profit of approximately 1.07 million USD.
According to analyst Yu Jin @EmberCN, a whale address that had previously bet on both 'digital gold' and 'real gold' chose to cut losses on its Bitcoin-related positions after the BTC price increase. This address had purchased 264.8 WBTC (worth approximately 24.85 million USD) at an average price of 113,262 USD at the end of October and has fully transferred it to Binance, incurring a loss of about 5.15 million USD.
After liquidating WBTC, this address still holds gold-related assets worth approximately 13.49 million USD (XAUt and PAXG), with an average holding price of about 4,239 USD, and a current paper profit of approximately 1.07 million USD.