WBTC Whale Nets $75M, Leverages $91M Long on Aave & Hyperliquid
On-chain data shows a WBTC whale realized roughly $75 million in profit by selling 700 Wrapped BTC over three days, while retaining 800 WBTC after originally acquiring 1,074 WBTC at an average price of $10,708 four years ago. The same WBTC whale has since opened $91 million in leveraged long positions on DeFi platforms—posting 342.21 WBTC as collateral on Aave to borrow $20 million stablecoins (entry $114,272, health factor 1.57, $963k unrealized gain) and a $50.93 million 10× BTC position on Hyperliquid (entry $109,655.2, $3.26 million floating profit). This dual strategy of profit-taking and aggressive leverage underscores a sustained bullish outlook on Bitcoin, reflects growing institutional demand for WBTC collateral, and suggests active risk management rather than a market top. Traders should watch WBTC whale movements, on-chain liquidity, and broader indicators to gauge potential price momentum.
Bullish
The combined news of a profitable WBTC sale followed by substantial leveraged long positions signals continued confidence in Bitcoin’s upside. In the short term, the whale’s sale of 700 WBTC exerted only modest price pressure, quickly offset by aggressive long bets on Aave and Hyperliquid. Over the longer term, the strategy highlights institutional demand for WBTC collateral and high-leverage DeFi products, suggesting sustained bullish momentum. Traders often view coordinated profit-taking and re-entry into leveraged longs as a positive indicator for price resilience and further upside.