Person we don hold WBTC for Four Years don sell 90 WBTC make $9.65M Profit
On-chain data show sey one whale collect 1,074 WBTC four years ago. Inside the past one hour, the address move 90 WBTC. At the current price about $32,000 per token, this transfer fit make about $9.65M profit. Wrapped Bitcoin (WBTC) na ERC-20 token wey pegged to Bitcoin (BTC).
This profit-taking move fit bring short-term selling pressure for WBTC and the wider crypto market. Historical whale sell-offs dey often trigger short price dips. But this 90 WBTC sale represent small part of total WBTC supply. Traders suppose dey watch order books and on-chain flows for more insight and to measure market feeling.
Bearish
Profit wey one whale wey don dey for four years take after e move 90 WBTC for $9.65M gain fit cause short-term bearish pressure on WBTC prices. History dey show say big on-chain sales fit cause small short fall. But the size of the sale na small part of total WBTC supply, e mean say e no go too affect long-term. Traders suppose dey watch order books and on-chain flows to sabi how market go respond.