According to Odaily, on-chain data analyst @ai_9684xtpa has monitored activity indicating that a Smart Money address, which accumulated Wrapped Bitcoin (WBTC) at an average price of $42,518 between November 2023 and August 2024, appears to be planning to liquidate its holdings amid the current market downturn.
In the past six hours, this address has deposited 195.48 WBTC, valued at $10.49 million, into FalconX. If the entire amount is sold, the address stands to make a profit of $2.18 million.
