TechFlow News: On April 8, according to on-chain analyst Ember (@EmberCN), a DeFi whale repaid a $4.14 million DAI loan on Spark and reclaimed 264.4 WBTC as collateral approximately nine hours before the U.S.-Iran ceasefire proposal was announced. The whale then transferred the WBTC to Binance and sold it at roughly $67,990 per coin, generating approximately $17.98 million in total proceeds. Six hours later, the U.S.-Iran ceasefire proposal was reached, and BTC’s price surged by 5%, causing the whale to miss out on roughly $1 million in potential gains.
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