Big whale cashes out 254 WBTC, short-term unrealized loss of $5.15 million

【Block Rhythm】Recently, on-chain monitoring detected an interesting transaction. A whale address decided to clear some of its holdings amid the BTC rally.

Specifically, last October, this address spent $30 million to buy 264.8 WBTC at an average price of $113,262 per BTC. Today, it transferred these WBTC to a major exchange, which, at the current price, is worth only $24.85 million, resulting in a direct loss of $5.15 million. The timing is a bit unfortunate—originally a good rebound point, but clearly the price hasn’t returned to the initial purchase cost.

However, this address still holds a significant amount of assets. It also owns $13.49 million worth of gold tokens (including XAUt and PAXG), with an average purchase price of $4,239, currently showing an unrealized profit of $1.07 million. It seems this whale is diversifying its assets, with exposure to cryptocurrencies as well as precious metals for hedging.

After this exit, there was indeed a short-term loss, but based on the overall holdings structure, its strategy appears to be adjusting positions rather than completely bearish. It’s worth continuing to watch this address’s subsequent actions.