A major holder's recent actions are quite heartbreaking. As early as the end of October, he bought 264.8 WBTC at a price of $113,262 each, totaling $30 million. Unexpectedly, the market didn't move as expected, and recently he directly transferred this batch of coins to a major exchange for sale, netting $24.85 million. In total, this WBTC transaction resulted in a loss of $5.15 million.

However, this guy didn't suffer setbacks in other areas. He still holds physical gold assets worth $13.49 million, mainly XAUt and PAXG. The average purchase price of these gold assets is $4,239, with an unrealized profit of $1.07 million on paper, making it a small profit.

Looking at this operation combination, it's clear he's diversifying across multiple asset classes. While the WBTC position took a hit, his gold holdings helped stabilize some of his footing. This also reflects the recent divergence between the trends of crypto assets and traditional assets.