According to Lookonchain, whale 0xc9d sold 742.8 WBTC near $70,259 after building the position over almost a year at an average price around $89,117, locking in a loss of about $14 million.
According to Lookonchain, whale 0xc9d sold 742.8 WBTC at about $70,259, realizing a loss of roughly $14 million. The wallet had accumulated the WBTC over nearly a year at an average purchase price of about $89,117, for total buys of around $66.2 million. This update aligns with the broader account of a leveraged WBTC position being unwound after the market price fell well below the whale’s cost basis.