According to Spot On Chain monitoring, just before the news broke that the U.S. government approved the sale of BTC, a whale with a $234 million portfolio deposited 300 WBTC (worth $28.5 million) into Binance, reportedly making a profit of $9.98 million.

This whale has been trading WBTC since March 2023, frequently buying low and selling high. Currently, this whale holds 195 WBTC (worth $18.4 million) on Aave, with an estimated total profit from WBTC of $33.7 million (+33.2%).