TechFlow news, on July 27, according to on-chain analyst EmberCN (@EmberCN), a whale/institution that had accumulated 1,495 WBTC through flash loans between July and November 2024 has transferred another 50 WBTC (worth $5.9 million) to Binance for profit-taking an hour ago.
This whale/institution purchased 1,495 WBTC (total value $103 million) at an average price of $69,162 via flash loans during the second half of last year. Since March this year, they have been gradually transferring WBTC to Binance for selling, then withdrawing USDC proceeds to repay loans. So far, they have sold 923 WBTC (worth $92.26 million) at an average price of $99,957, and still hold 553.8 WBTC (worth $65.51 million).
The whale's total realized and unrealized profit on WBTC has reached $55.62 million, including $28.42 million in realized profits and $27.2 million in unrealized gains.
