A wallet address that created 1.074 WBTC 4 years ago recently sold 300 WBTC worth $35.62 million.
In the past 4 days, a total of 1,000 BTC was transferred with a value of $118 million, generating an estimated profit of $107 million.
- Wallet address built a position of 1.074 WBTC at a medium price of $10,708 four years ago.
- Sold 300 WBTC worth $35.62 million within the last 9 hours.
- In 4 days, a total of 1,000 BTC was sold at a medium price of $118,011, with a profit of $107 million.
Which wallet address recently sold a large amount of WBTC?
According to the analysis of on-chain expert @ai_9684xtpa, a wallet address that built a position of 1.074 WBTC 4 years ago recently sold 300 WBTC worth $35.62 million in just a few hours.
This is a rare activity showing a shift from long-term ownership to liquidation in the context of high Bitcoin prices.
What is the importance of the sale of 1,000 BTC in the past 4 days?
The report shows that 1,000 BTC worth approximately $118 million was sold at a medium price of $118,011 per BTC, generating a profit of up to $107 million.
This proves that this account has an effective long-term investment strategy, generating significant profits from market price fluctuations in recent years.
"Selling 1,000 BTC and 300 WBTC in a short time reflects a wise investment strategy adjustment to maximize profits during a market upswing."
Mr. Nguyen Quoc Huy, Blockchain Market Analysis Director, 2024
How does this affect the Bitcoin and WBTC market?
The large amount of BTC and WBTC being transferred may create some pressure on market liquidation, however, with the current market scale, the impact is localized and does not cause significant fluctuations.
In addition, professional investors monitor this activity to adjust their trading strategies, contributing to creating new trends for the long-term investment segment.
What investment strategy is proven through this activity?
Long-term holding and selling in parts at high-price moments shows a HODL strategy combined with smart Take profit, helping to optimize profits in the cryptocurrency market.
Experts recommend applying this method to minimize price volatility risks during Bull and Bear market cycles.
Frequently Asked Questions
How to determine this wallet address built a position 4 years ago?
Based on detailed on-chain data and public transaction history analyzed by expert @ai_9684xtpa, the purchase time and position size were concluded.
Does selling 300 WBTC affect Bitcoin prices?
This sale may create a small liquidation pressure, but it is not large enough to cause significant price fluctuations in the global Bitcoin market.
Why is the average purchase price only $10,708 while selling at over $118,000?
Bitcoin has gone through many ATH peaks, so the price difference reflects the enormous profit of a long-term holding strategy.
Is this selling activity a sign of an upcoming bear market?
Not necessarily, this could be a profit adjustment step by a large investor during a normal market volatility period.
Can a similar strategy be applied by individual investors?
Yes, a long-term purchase strategy, risk reduction, and volatility prevention through asset allocation are common recommendations from experts.
