The whale address starting with 0x692 may be long WBTC, hoarding $53.75 million worth of WBTC in the past two months
According to on-chain data analyst @ai_9684xtpa, a certain 0x692 whale address may be going long on WBTC. The address increased its holdings by 124 WBTC, worth $7.37 million, an hour ago. Over the past two months, it has accumulated a total of $53.75 million worth of WBTC at an average price of $63,513, still in an unrealized loss position. Currently, these 846.4 tokens have been deposited entirely into Aave as collateral, and 17.46 million USDT have been borrowed to cyclically purchase WBTC, with a health factor of 2.32.
