A whale has spot purchased and leveraged long 140.07 WBTC, with a cumulative position of $8.431 million

Odaily reports that, according to on-chain analyst Ai Yi's monitoring, two addresses belonging to the same whale or entity have withdrawn 109 WBTC worth $6.572 million from Binance over the past 5 days. They subsequently used 93.47 WBTC as collateral to borrow USDC, and increased their on-chain position by 31.07 WBTC worth $1.86 million 9 hours ago. The whale's total position in WBTC now stands at $8.431 million, with an average entry price of $60,188.