🔵 Last year, a whale/institution accumulated 1,495 WBTC through a revolving loan method and has recently been selling WBTC to take profits. According to DeThings on July 4, on-chain analyst Yu Jin monitored that during the period from July to November 2024, a whale/institution accumulated 1,495 WBTC through a revolving loan method and has recently been gradually selling WBTC to realize profits. This whale/institution currently has a total profit of $49.75 million on WBTC: the sold portion has realized a profit of $19.17 million, while the unsold portion has an unrealized profit of $30.58 million. This whale/institution purchased 1,495 WBTC in the second half of last year at an average price of $69,162 using a revolving loan method, and then started gradually transferring WBTC to Binance for sale and repaying USDC from March this year. So far, they have sold 723 WBTC for 69.17 million USDC and repaid the loan, with an average selling price of $95,678. They still hold 753.8 WBTC (worth $82.6 million).

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