Lookonchain monitoring shows that a certain address bought WBTC multiple times at the beginning of 2022, and then the price of WBTC rose to over $47,000, but the address did not sell WBTC to profit. After that, Bitcoin entered a long bear market. During the bear market, the address did not sell Bitcoin at a loss, but accumulated 401 WBTC (worth about $8.7 million) in the bear market, and the average purchase cost of the address decreased to $28,223. After the recent price of WBTC returned to $44,000, the address began to sell WBTC to profit, and the total profit now exceeds $9 million.
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A certain address started selling BTC after it returned to $44,000, making a total profit of over $9 million.
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