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A whale holding $263 million worth of WBTC and ETH sold off significantly today after BTC reached the $97,000 mark. The whale sold 300 WBTC at a price of $97,053, receiving 29.11 million USDT to repay loans. Unfortunately, this transaction is just a reflection of the whale's ongoing losses. According to on-chain data, the whale had already started accumulating as early as August 2025, when it bought 1,560 WBTC at a price of $116,762 (totaling $182 million). Now, selling at a high of $97,053 and buying low, the reverse operation has resulted in a total loss of $39.15 million. This story of "buying high and selling low" once again reminds market participants: even institutional players with substantial capital cannot always execute market timing perfectly.