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An interesting move is here – that large investor who bought the dip of WBTC at the bottom of the 2022 Bear Market at $16,933 has recently started to dump.
Starting from yesterday, this guy has already dumped 176.17 WBTC, which is approximately 15.8 million dollars. The selling average price is 89679, doing the math: just from this wave, he made 12.81 million dollars. Tsk tsk, truly smart money.
But don't worry, they still have goods in hand. On-chain data shows that there are currently 280.479 WBTC sitting in the wallet, which is worth approximately 25.73 million dollars at the current price.
The movements of players at this level are often more significant than technical indicators. Is it a phase of taking profits? Or have they caught a whiff of some trend? Everyone can taste it for themselves.
Whenever these whales make a move, us retail investors suffer. Classic rug-pull/retail fleecing pattern.
He’s still holding over 280 coins, so there are definitely more big moves coming. Gotta keep a close watch.
I just want to know how many people can hold for two years.
This rhythm feels a bit off.
It's another story of Large Investors playing people for suckers.
I made 12.81 million just like that, while I'm still pondering what to have for breakfast.
It feels like the market is about to change, with the big fish running first.
This is what true take profit looks like, not those who still talk about holding long-term after a 50% fall.
I still hold onto more than 280 of them, that's really having confidence.
Still holding over 280, looks like they aren't planning to run away completely.