According to Odaily, a blockchain analyst @ai_9684xtpa has reported that the 'smart money' that made $5.16 million by shorting BTC during the LUNA/UST crash has once again made a significant move. After a two-month interval, they sold 159 WBTC through Cowswap, valued at $10.32 million, at an average selling price of $64,939.
From February 18 to March 7, they had bought 260.82 WBTC at an average price of $56,355. With this recent sale, they have now sold all of their WBTC holdings, making a total profit of $2.25 million. This move demonstrates the potential profitability of strategic cryptocurrency trading, particularly with WBTC, a token that represents Bitcoin on the Ethereum blockchain.
However, it's important to note that such trading strategies carry significant risk and require a deep understanding of the cryptocurrency market. The 'smart money' in this case appears to have successfully navigated these risks, but such success is not guaranteed for all traders.