An investor who initially held an unrealized profit of over $1 million on 112.86 Wrapped Bitcoin (WBTC) has incurred a loss of $782,000 after liquidating their position. The address purchased the WBTC on April 14 at an average price of $71,655, totaling $8.08 million. By mid-May, the investment had appreciated significantly, but the investor sold the holdings in batches on June 16 and again 7 hours ago at a lower price of $64,723. This resulted in a 10% decrease in asset value over two months.
Investor's $1.18M Unrealized Profit on WBTC Turns to $782K Loss
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