Smart Money Buys $1.84M More WBTC, Holds 106.09 WBTC
On September 26, on-chain analyst @ai_9684xtpa disclosed that the “smart money” address which profited $5.16M by shorting BTC during the LUNA/UST collapse purchased an additional $1.84M worth of WBTC 30 minutes ago. This address has now invested $11.66M in total to acquire 106.09 WBTC at an average cost basis of $109,985 per token. The continued WBTC accumulation highlights sustained confidence in BTC’s upside potential.
Bullish
The significant additional purchase of $1.84M WBTC by a successful “smart money” address suggests rising confidence in Bitcoin’s future gains. Historically, large on-chain WBTC accumulations by whales have foreshadowed bullish trends, as they tighten supply and boost demand. In the short term, this may underpin BTC price stability by absorbing sell-side liquidity. Over the long term, sustained institutional-level WBTC purchases can reinforce a bullish outlook as smart money enters ahead of broader market participation.