0x691…5FfF2 deposits $15.21 million in WBTC and ETH to Binance

PANews cited Ai Yi as saying the address sent 80 WBTC and 6,100 ETH after building the positions near last October’s mid-month peak, leaving the trade down 44% and implying a roughly $20.05 million loss.

BTC
ETH
WBTC

Summary

Wallet 0x691…5FfF2 deposited 80 WBTC and 6,100 ETH worth about $15.21 million to Binance in what Ai Yi described as a likely loss-taking exit, according to PANews. The positions were reportedly built near $113,000 for BTC and $4,300 for ETH around last October’s mid-month market peak. Based on those entry levels, the assets were down about 44%, implying an estimated loss of roughly $20.05 million.

Terms & Concepts
  • WBTC: A token representing Bitcoin on other networks.
  • loss-taking exit: A sale or transfer out of a position after it has fallen in value, locking in a loss.
  • on-chain: Referring to activity that can be tracked using public blockchain data.