【BlockBeats】On-chain analytics show that a certain Strategic Reserve address has made significant moves recently — 15.07 million USDT worth of WBTC withdrawn from the lending protocol has been completely converted to WETH.
This operation marks the complete liquidation of the WBTC position at that address. According to on-chain data tracing, these Bitcoin tokens were purchased on January 2nd last year at an average price of 104710.55 USDT. The timing of this sale appears suboptimal — directly resulting in a loss of 1.978 million USDT.
In contrast, the newly established WETH position acquired a total of 4611.65 ETH tokens at an average cost of 3260.88 USDT. The switch from WBTC to WETH may reflect new judgments about market trends going forward. These types of large position adjustments often provide some insights for retail investors and are worth monitoring for the moves of major market players.
Strategic ReserveはWBTCの売却を完了し、WETHに切り替え、約200万ドルの損失を出しました
【BlockBeats】On-chain analytics show that a certain Strategic Reserve address has made significant moves recently — 15.07 million USDT worth of WBTC withdrawn from the lending protocol has been completely converted to WETH.
This operation marks the complete liquidation of the WBTC position at that address. According to on-chain data tracing, these Bitcoin tokens were purchased on January 2nd last year at an average price of 104710.55 USDT. The timing of this sale appears suboptimal — directly resulting in a loss of 1.978 million USDT.
In contrast, the newly established WETH position acquired a total of 4611.65 ETH tokens at an average cost of 3260.88 USDT. The switch from WBTC to WETH may reflect new judgments about market trends going forward. These types of large position adjustments often provide some insights for retail investors and are worth monitoring for the moves of major market players.