Smart Money Investor Nets $1.09M Profit After Selling 1363 ETH and 30 WBTC

The on-chain trader, known for profiting $5.16M by shorting Bitcoin during the LUNA/UST collapse, capitalized on favorable market conditions, netting another profit through the sale of ETH and WBTC.

BTC
ETH
WBTC

Summary

An on-chain trader, previously known for profiting $5.16M by shorting Bitcoin during the LUNA/UST crash, recently sold 15 WBTC (worth $1.68 million), leaving only 15 WBTC in their account. The trader has a history of profitable trades, including $7.29M from BTC and WBTC and $4.91M from ETH.

Terms & Concepts
  • Smart Money Investor: An investor known for making profitable and strategic decisions, typically with substantial market knowledge and resources.
  • WBTC (Wrapped Bitcoin): A tokenized version of Bitcoin (BTC) on the Ethereum blockchain, designed to bring Bitcoin's liquidity to the Ethereum network.