In 2020, a whale believed to be hoarding Wrapped Bitcoin (WBTC) appears to have sold its holdings, generating more than $21 million in profit over five years. This significant liquidation indicates a strategic decision by the whale, who had accumulated a substantial position in WBTC. The move to sell suggests a realization of the profits accumulated during the period of holding the asset. Liquidating such a large amount likely reflects the whale’s confidence in the market conditions at the time of the sale. The transaction underscores the potential for large cryptocurrency holders to impact market dynamics through their trading activities.
