A WBTC Whale has started unwinding their position, depositing 195 WBTC to Binance 4 hours ago

BlockBeats News, December 23rd, according to on-chain analyst Ai Yi (@ai_9684xtpa), the whale that spent $38.16 million to accumulate WBTC at an average price of $85,754.65 over the past month is now reducing its position. The whale deposited 195 WBTC to Binance 4 hours ago, equivalent to around $17.05 million.

The whale has reportedly sold 245 WBTC in the past three weeks, realizing a profit of $325,000. The remaining 200 WBTC still have an unrealized gain of $389,000, during which time the price of the coin surged to a peak of $94,555.