On-chain data tracking reveals that the whale address 0x7E0…0B365 steadily accumulated 195.29 WBTC between December 2023 and July 2024 at an average cost of $45,000. Recently, the wallet has initiated profit-taking. Over the past three weeks, it transferred a total of 60 WBTC to Binance, generating a realized gain of $1.125 million based on current market prices.
Breakdown of Whale Accumulation
- Gradual accumulation over eight months aligned closely with price trends
- Recent activity indicates clear intent to secure profits
- Withdrawn volume represents nearly one-third of total holdings
The whale's strategy demonstrates precise timing of market cycles, with accumulation phases closely aligned with WBTC's price movements. The recent selling activity could signal a shift in short-term market expectations.