An on-chain analyst identified a wallet that recently withdrawn 99.9 WBTC from Binance to re-establish a WBTC holding after two years. The address now holds 173.5 WBTC at an average acquisition price of $62,703, currently showing an unrealized profit of $4.232 million. The wallet has used WBTC as collateral on Aave to borrow 2 million USDC, which was then deposited back on Binance.
Whale Re-enters Wrapped Bitcoin Position, Now Holding 173.5 WBTC with $4.2M Paper Gains
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WBTC
87,609.51
+0.62%
BTC
87,773.38
+0.55%
