2026-01-09 05:20:20

On-chain data monitoring shows that on January 9th, an address holding WBTC transferred 378.11 WBTC to a major exchange, with a total value of $34.3 million, indicating a large transaction scale. This transfer has attracted attention — the address bought these BTC in batches between October 21 and 26, 2025, at an average price of $110,504.

Interestingly, if this investor sells at the current point, they would incur a paper loss of $7.483 million. From establishing the position in late October to clearing it in early January, the entire holding period lasted three months, during which the Bitcoin market experienced fluctuations.

Large inflows of BTC into exchanges are often seen as potential sell pressure signals, and market participants tend to monitor such on-chain movements as trading references. This transaction reflects some holders' exit choices at the current price levels.

WBTC-0,89%

BTC-0,98%

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CryptoHistoryClass

· 01-10 23:44

ngl, this is textbook capitulation playbook... bought the "dip" in october, watched it bleed for 3 months straight. the irony? losing 7.48M on a 34M position and still hitting that sell button. *checks notes* yep, this is exactly how 2018 played out... retail gets liquidated first.

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ruggedNotShrugged

· 01-09 05:48

Oh no, this guy really cut his losses, losing 7.48 million and still transferring out... --- Large investors dumping at this price level, still waiting for a rebound --- Losing so much in three months, I calculated how strong the mentality must be --- Another trapped bagholder, the outcome is hard to say --- Transferred to the exchange and ready to run, can it crash to the ground tomorrow --- Such large transfers look suspicious, who is so decisive to admit loss --- Losses have reached tens of millions, oh my god... --- No wonder the market is so fierce, everyone is dumping out

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MidnightTrader