A cryptocurrency holder, who initially purchased Wrapped Bitcoin (WBTC) at an average price of $45,022, has decided to reduce their position after the price reached $63,778. The holder, associated with the address 0x7E0...0B365, accumulated 195.29 WBTC between December 2023 and July 2024, spending approximately $8.79 million. At its peak, the investment had an unrealized gain of $14.96 million.
Recently, the holder transferred 30 WBTC to Binance, with a total of 60 WBTC deposited over the past three weeks, valued at $4.039 million. If sold, these transactions could yield a profit of $1.125 million. The holder still retains 60 WBTC across multiple addresses.
WBTC Holder Reduces Position After Significant Gains
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