2026-01-09 02:28:51

On-chain data shows that an address recently deposited 378.11 WBTC into a major exchange within the last 7 hours, with a total value of approximately $34.3 million. The reason this transfer has attracted attention is that the address may be liquidating its holdings.

Digging into the history of this address makes it even more interesting. Between October 21 and 26 of last year, this wallet bought these WBTC on-chain at an average price of $110,504. If it were to sell now at the current price, it would realize a loss of $7.483 million.

What's more intriguing is that it has been exactly three months since the purchase. Is this address waiting for an opportunity to sell, or has it simply reached its limit? Different people might interpret this differently.

WBTC0,05%

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RugPullSurvivor

· 01-12 01:39

Oh man, this guy really can't hold on anymore, $7.48 million... It hurts just looking at it.

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AirdropHunter007

· 01-12 01:02

Oh man, did this guy lose 7.48 million? It's been three months and he's still decided to cut his losses. I just want to know what's going on in his mind.

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DeFiAlchemist

· 01-12 00:02

the mathematical poetry of this liquidation tho... 7.48M in realized losses after 90 days of hodling limbo? that's not capitulation, that's the philosopher's stone working in reverse. transmuting diamond hands into paperhands through the ancient art of time decay. ngl the protocol efficiency here is *chef's kiss* — perfectly inefficient

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ServantOfSatoshi

· 01-10 14:50

Wow, this guy is lucky to have 7.48 million. I have to say, his mental resilience is truly incredible.

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LiquidationWatcher

· 01-09 02:51

Oh my god, a loss of $7.48 million, this guy finally can't hold on anymore.

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StakeHouseDirector

· 01-09 02:49

Oh man, this guy lost everything, 7.48 million... After holding on for three months, is he finally giving up?

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TokenomicsDetective

· 01-09 02:43

Oh no, another one who has been trapped for three months and finally gives up, losing 7.48 million. Haha, how tough does your mentality have to be to endure until now?

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LiquidityWizard

· 01-09 02:42

7.4m unrealized loss after holding 3 months... theoretically speaking, the opportunity cost alone would've been catastrophic. wonder if they're actually capitulating or just realized the math didn't check out empirically 🤔

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YieldWhisperer

· 01-09 02:35

Oh my, a loss of 7.48 million and still cutting? How tough must that mentality be... Or maybe they just can't hold on anymore.

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