Odaily Planet Daily reported that according to the monitoring of on-chain analyst Yu Jin, the whale/institution that purchased a total of 1,495 WBTC through revolving loans from July to November 2024 continued to transfer 50 WBTC (US$5.9 million) to Binance to take profits 1 hour ago.

He bought 1,495 WBTC (US$103 million) in the second half of last year at an average price of US$69,162 using a revolving loan. He then transferred WBTC to Binance in batches and sold them in March this year and withdrew USDC to repay the loan. So far, he has sold 923 WBTC (US$92.26 million) at an average price of US$99,957. He still holds 553.8 WBTC (US$65.51 million).

The current comprehensive profit on WBTC is as high as 55.62 million US dollars: the profit realized from selling the part is 28.42 million US dollars, and the floating profit from the part that has not yet been sold is 27.20 million US dollars.