Whale Takes Heavy Loss on Bitcoin Position
On January 14, on-chain activity revealed that a large-scale investor exited their WBTC holdings during a short-lived market rebound. Originally acquiring 264.8 WBTC at an average price of $113,262 in late October—totaling $30 million—the address transferred the now-$24.85 million worth of tokens to a major exchange, crystallizing a loss of over $5.15 million.
The move underscores deteriorating patience among early entrants as prolonged volatility pressures decision-making, even amid signs of recovery.
Gold-Backed Tokens Offer Portfolio Relief
- The wallet still holds $13.49 million in on-chain gold assets (XAUt and PAXG)
- Bought at an average of $4,239, these positions now show a paper profit of $1.07 million
- Gold-linked tokens continue to outperform crypto benchmarks in stability and downside protection
Analysts suggest growing interest in asset-backed digital tokens as macro uncertainty persists, with on-chain gold emerging as a preferred hedge against crypto market swings.