According to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that whale/institution 0x50f...4bF21 purchased 1,474 WBTC worth $84.03 million from Galaxy Digital OTC seven hours ago.

The analyst mentioned that WBTC was greatly affected by the "change in custody rights". This morning, MakerDAO passed and implemented a proposal to reduce the size of WBTC collateral, which means that the largest acceptor of WBTC no longer supports its application in the DeFi ecosystem.