$30 million WBTC whale suspected of liquidating: March holdings show unrealized loss of over $5 million

【Chain News】On-chain data shows that a large holder who previously held a significant amount of WBTC has recently made a move. During the Bitcoin price correction in late October last year, this whale continuously accumulated at an average price of approximately $113,000, buying a total of 264.86 WBTC, with a position size reaching the $30 million level.

After holding the position for over three months, the situation reversed. Just a few hours ago, this large holder suddenly acted during the price rally—depositing all tokens into Binance, with an average transaction price of about $93,800. This selling price is over 17% lower than the initial acquisition cost, and if the sale is finalized, it would result in an unrealized loss of over $5.08 million.

From the timing, the large holder chose to exit during the rebound. Whether this operation reflects a new judgment on the market outlook or is simply a risk-avoidance decision is worth the attention of market participants.