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A whale purchased 1,495 WBTC through a revolving loan from July to November 2024, selling part of it for a profit of 19.17 million USD.
According to a report by Jinse Finance, on-chain analyst Yu Jin monitored that during the period from July to November 2024, a Whale/institution cumulatively purchased 1,495 WBTC through a revolving loan method, and has recently been gradually selling WBTC to take profit. He currently has a total profit of $49.75 million on WBTC: realized profit from selling part is $19.17 million, and unrealized profit from unsold part is $30.58 million. He bought 1,495 $WBTC at an average price of $69,162 using a revolving loan method in the second half of last year, and then started to gradually transfer WBTC to Binance for sale and withdraw USDC for repayment from March of this year. As of now, he has sold 723 WBTC for 69.17 million USDC and repaid his loan, with an average selling price of $95,678. He still holds 753.8 WBTC (82.6 million USD).