2026-01-18 20:36:19

Wrapped bitcoin landscape is shifting hard. In just half a year, one major custody-backed variant pulled in $7.3b—and institutions aren't shy about the premium they're willing to pay for it. That whale taking a $21.68m hit to dump 700 wbtc? Classic move when custody concerns start creeping in. The lawsuit withdrawal between a major custody provider and an exchange signals the competitive chapter is closing. Market caps could realign dramatically within 12 months—watch this space.

WBTC-2,63%

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LiquidityWitch

· 7h ago

the custody spell's finally breaking... $7.3b flowing into the "safer" variant while whales sacrifice 21m on the altar of institutional trust. ngl, watching this transmutation unfold is *chef's kiss*—market cap alchemy incoming fr fr

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PebbleHander

· 7h ago

This wave of WBTC is indeed a bit chaotic. Large investors lost over 20 million and dumped their holdings. What does that indicate? It just shows that there's growing distrust towards those custodians.

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Degentleman

· 7h ago

wBTC this wave is indeed a bit chaotic, with 7.3 billion coming in but at the same time whales are fleeing... indicating that institutions are actually not very confident either.

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FUDwatcher

· 7h ago

That big plunge of WBTC, I knew it would happen... The institutions are really scared, trembling over custody issues. That whale lost 20 million and still dumped, which is just showing weakness. What does it mean to withdraw or refile a lawsuit? In a nicer way, it's called settlement; in a harsher way, it's admitting defeat. There will definitely be more drama in the second half of the year. Whoever runs first wins.

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SchrodingerWallet

· 7h ago

Throwing out 700 WBTC all at once—this guy's confidence must be huge... That said, custody is indeed becoming an increasingly critical factor for success.

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GasDevourer