A WBTC whale began reducing holdings, depositing 195 WBTC to Binance 4 hours ago

2025-12-262025-12-23 by admin

BlockBeats news, on December 23, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, a whale that spent $38.16 million over the past month to build a position in WBTC at an average price of $85,754.65 is reducing its holdings, having deposited 195 WBTC (approximately $17.05 million) to Binance 4 hours ago.

Over the past three weeks, this whale has likely sold 245 WBTC, with a profit of $325,000 if sold. The remaining 200 WBTC still have an unrealized gain of $389,000, during which the token price once rose to a high of $94,555.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .