A whale that bought WBTC at an average price of $85,754 has started reducing its holdings, having deposited 195 WBTC into Binance four hours ago.

2025-12-262025-12-23 by admin

PANews reported on December 23 that, according to ai_9684xtpa monitoring, a whale that spent $38.16 million to build a position in WBTC at $85,754.65 in the past month has recently begun reducing its holdings. Four hours ago, this whale deposited 195 WBTC (approximately $17.05 million) into Binance. Combined with the deposit made three weeks ago, this suggests a total sale of 245 WBTC, with an estimated profit of $325,000 if sold. Currently, the whale still holds 200 WBTC, with a floating profit of approximately $389,000. During this period, the price of WBTC reached 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 .