In May, a Whale Exiting WBTC Position Established in May with Only $127,000 in Profit

BlockBeats News, September 1st, according to on-chain analyst Whale Whisperer (@ai_9684xtpa), during this year's May rebound, a whale who accumulated WBTC decided to exit the position, facing a maximum drawdown of $1.423 million at one point.

The whale bought 78 WBTC at an average price of $76,824 on May 19th (around $5.99 million in total) and suffered a 24% asset shrinkage shortly after the position was opened due to a continuous price drop. Finally, after enduring through the downturn, the whale sold all holdings at $78,463 9 hours ago, realizing a profit of $127,000.