A smart money address that has been building WBTC positions since November 2023 is suspected to have started to liquidate
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Odaily Odaily News Chain data analyst @ai_9684xtpa monitored and pointed out that when the market fell, a Smart Money address that opened a WBTC position at an average price of $42,518 between November 2023 and August 2024 seemed to be planning to liquidate. The address deposited 195.48 WBTC worth $10.49 million to FalconX in the past 6 hours. If all were sold, it would make a profit of $2.18 million.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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