The whale address starting with 0x692 may be long WBTC, hoarding $53.75 million worth of WBTC in the past two months
On August 18, according to on-chain data analyst @ai_9684xtpa, a whale address starting with 0x692 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 has been borrowed for the purpose of cyclically purchasing WBTC, with a health factor of 2.32.
