A whale transferred 264.8 WBTC to Binance, with an unrealized loss of approximately $5.15 million

Odaily News According to monitoring by crypto analyst Yu Jin @EmberCN, a whale address that previously bet on both "digital gold" and "real gold" chose to cut losses and exit its Bitcoin-related positions after BTC's price rise. The address purchased 264.8 WBTC (worth approximately $24.85 million) at an average price of $113,262 in late October and has now transferred all of it to Binance, resulting in a loss of about $5.15 million from this operation.

After liquidating the WBTC, the address still holds gold-related assets (XAUt and PAXG) worth approximately $13.49 million, with an average holding price of around $4,239. The current unrealized profit on these holdings is about $1.07 million.