PANews reported on July 4 that according to on-chain analyst Yu Jin’s monitoring, the whale/institution that purchased a total of 1,495 WBTC through revolving loans from July to November 2024 has recently been selling WBTC for profit. The whale/institution currently has a comprehensive profit of $49.75 million on WBTC: the sold part has realized a profit of $19.17 million, and the unsold part has a floating profit of $30.58 million.

The whale/institution purchased 1,495 WBTC at an average price of $69,162 in the second half of last year through a revolving loan, and then began to transfer WBTC to Binance in batches for sale and withdraw USDC to repay the loan since March this year. So far, 723 WBTC have been sold in exchange for 69.17 million USDC and repayment, with an average selling price of $95,678. And still holds 753.8 WBTC (82.6 million US dollars).