Whale Buys 264.8 WBTC for $30M, Lifts Bullish Sentiment
An on-chain analysis shows a major whale executed a series of WBTC purchases, underscoring renewed bullish sentiment. Over the past four days, the whale spent 30 million USDT to acquire 264.8 WBTC at an average price of $113,262. Previously, it bought 97.6 WBTC in late September at $110,039 and sold in early October at $118,748 for an $850,000 profit. Most recently, within 15 minutes, the whale deployed another 14.41 million USDT to secure 126.18 WBTC, bringing total holdings to 397.91 WBTC with an average entry of $111,608 and an unrealized gain of $780,000. This aggressive accumulation of tokenized Bitcoin highlights strong USDT flows into WBTC and may signal further upside as liquidity tightens. Traders should monitor whale activity and on-chain USDT movements for potential price momentum.
Bullish
The whale’s sustained accumulation of 264.8 WBTC for $30 million and rapid 126.18 WBTC buy in 15 minutes reflect strong buying pressure and tightening liquidity. Historical profit-taking on earlier trades and the current unrealized gains suggest confidence in upward price trajectories. Such large USDT flows into WBTC typically precede bullish momentum, indicating potential short-term spikes and support for a longer-term uptrend in tokenized Bitcoin.