According to @lookonchain, wallet 0x3E38 sold 700.2 WBTC over the last two days for $59.95M, locking in a realized loss of $21.68M as reported on X (source: @lookonchain on X; Arkham Intel address 0x3E3868F5e6Fd1B2C2B91b234436b46c0a5B1140C). According to @lookonchain, the same wallet had accumulated 700.2 WBTC between May 12 and July 24 for $81.64M at a $116,593 average and was forced to sell as BTC declined (source: @lookonchain on X; Arkham Intel address 0x3E3868F5e6Fd1B2C2B91b234436b46c0a5B1140C).