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A WBTC Whale has started to reduce position, depositing 195 WBTC to CEX 4 hours ago.
On December 23, according to on-chain analyst Ai Yi (@ai_9684xtpa), a Whale that has spent 38.16 million dollars to build a position in WBTC at an average price of 85,754.65 dollars is currently reducing its position. Four hours ago, it deposited 195 WBTC, approximately 17.05 million dollars, to a CEX. This Whale has allegedly dumped 245 WBTC in the past three weeks, which would result in unrealized gains of 325,000 dollars if sold. The remaining 200 WBTC still have unrealized gains of 389,000 dollars, and during this time, the coin price peaked at 94,555 dollars.