Last year, the whale used a flash loan to accumulate WBTC with an average price of $69,162. One hour ago, they deposited 50 WBTC to Binance for profit-taking.

BlockBeats News, July 27th. According to Ashes Monitoring, a whale/institution that cumulatively purchased 1,495 WBTC through a loop borrowing method during the July to November 2024 period, continued to transfer out 50 WBTC ($5.9 million) to Binance for profit-taking 1 hour ago.

He purchased 1,495 WBTC using a loop borrowing method in the second half of last year at an average price of $69,162 ($103 million). Starting from March of this year, he has been gradually transferring WBTC to Binance in batches to sell and withdraw USDC for repayment. Up to now, he has sold 923 WBTC ($92.26 million) at an average price of $99,957. He still holds 553.8 WBTC ($65.51 million).

His total profit on WBTC is currently as high as $55.62 million: $28.42 million realized profit from the sold portion and $27.20 million unrealized profit from the unsold portion.