🔵 A certain whale that previously swapped WBTC for ETH has today swapped back to WBTC, netting 11 BTC in two months. DeThings, July 21 - According to on-chain analyst @ai_9684xtpa, a certain whale swapped WBTC for ETH in May and has today swapped back to WBTC, netting 11 BTC (approximately $1.364 million) over two months. During this period, the price of ETH increased by 48.7% (from $2,527 to $3,759), resulting in the WBTC obtained being 11.64 more than the initial amount. The analyst stated that such operations require precise trend judgment and a strong commitment to holding positions, which ordinary investors find difficult to replicate.

3.56K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.