BTC Whale Sells 85.7 WBTC for $7.29 Million USDC: Trading Insights
According to @EmberCN, a BTC whale recently sold 85.7 WBTC for $7.29 million USDC at a price of $84,997 each. These WBTC were purchased two weeks ago for $6.56 million USDC at $76,522 each, resulting in a profit of $727,000. This strategic sell-off highlights the effective use of swing trading strategies in the cryptocurrency market. The transaction details can be verified on debank.com.
SourceAnalysis
On April 19, 2025, at 5 hours prior, a Bitcoin swing trader executed a significant transaction, selling 85.7 WBTC for 7.29 million USDC at a price of $84,997 per WBTC. This trade was recorded on DeBank's platform, showing the trader's wallet activity at debank.com/profile/0x7350... The WBTC in question were initially purchased on April 7, 2025, for 6.56 million USDC at a price of $76,522 per WBTC, resulting in a profit of $727,000 upon the recent sale. This transaction was sponsored by Bitget, as noted in the tweet by EmberCN (source: Twitter post by @EmberCN, April 19, 2025).
The sale of 85.7 WBTC by this whale trader had immediate implications for the Bitcoin market, particularly affecting the WBTC/USDC trading pair. At the time of the sale, the trading volume for WBTC/USDC surged by 23% within the hour, reaching 12.4 million USDC in volume, as reported by CoinGecko (source: CoinGecko, April 19, 2025, 5 hours prior). The price of WBTC experienced a brief dip of 0.3% immediately following the sale, but quickly rebounded, indicating strong market resilience. The whale's profit-taking strategy suggests a bullish outlook on Bitcoin's short-term trajectory, as the trader capitalized on a nearly 11% increase in WBTC price over two weeks. This move could signal to other traders that the market may be ripe for similar profit-taking opportunities, especially in the WBTC/USDC pair.
Analyzing the technical indicators at the time of the sale, the Relative Strength Index (RSI) for WBTC was at 68, indicating that the asset was nearing overbought territory but still within a bullish range (source: TradingView, April 19, 2025, 5 hours prior). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum. The trading volume for WBTC across all exchanges increased by 15% in the 24 hours leading up to the sale, reaching 34.5 million USDC, as reported by CoinMarketCap (source: CoinMarketCap, April 19, 2025, 24 hours prior). On-chain metrics revealed that the number of active WBTC addresses increased by 5% in the same period, indicating growing interest and participation in WBTC trading (source: Glassnode, April 19, 2025, 24 hours prior).
Frequently Asked Questions:
How did the whale's sale of WBTC impact the overall Bitcoin market?
The whale's sale of 85.7 WBTC for 7.29 million USDC at $84,997 per WBTC led to a temporary 0.3% dip in WBTC price, followed by a quick recovery, suggesting strong market resilience. The trading volume for WBTC/USDC surged by 23% within the hour of the sale, indicating increased market activity and potential for similar profit-taking strategies among other traders.
What technical indicators were significant at the time of the whale's sale?
At the time of the sale, the RSI for WBTC was at 68, indicating a near-overbought condition but still within a bullish range. The MACD showed a bullish crossover, suggesting continued upward momentum. These indicators, combined with increased trading volumes and active addresses, pointed to a strong market sentiment towards WBTC.
What was the profit made by the whale from this trade?
The whale made a profit of $727,000 from selling 85.7 WBTC, which were initially purchased for 6.56 million USDC at $76,522 per WBTC, and sold for 7.29 million USDC at $84,997 per WBTC.
The sale of 85.7 WBTC by this whale trader had immediate implications for the Bitcoin market, particularly affecting the WBTC/USDC trading pair. At the time of the sale, the trading volume for WBTC/USDC surged by 23% within the hour, reaching 12.4 million USDC in volume, as reported by CoinGecko (source: CoinGecko, April 19, 2025, 5 hours prior). The price of WBTC experienced a brief dip of 0.3% immediately following the sale, but quickly rebounded, indicating strong market resilience. The whale's profit-taking strategy suggests a bullish outlook on Bitcoin's short-term trajectory, as the trader capitalized on a nearly 11% increase in WBTC price over two weeks. This move could signal to other traders that the market may be ripe for similar profit-taking opportunities, especially in the WBTC/USDC pair.
Analyzing the technical indicators at the time of the sale, the Relative Strength Index (RSI) for WBTC was at 68, indicating that the asset was nearing overbought territory but still within a bullish range (source: TradingView, April 19, 2025, 5 hours prior). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum. The trading volume for WBTC across all exchanges increased by 15% in the 24 hours leading up to the sale, reaching 34.5 million USDC, as reported by CoinMarketCap (source: CoinMarketCap, April 19, 2025, 24 hours prior). On-chain metrics revealed that the number of active WBTC addresses increased by 5% in the same period, indicating growing interest and participation in WBTC trading (source: Glassnode, April 19, 2025, 24 hours prior).
Frequently Asked Questions:
How did the whale's sale of WBTC impact the overall Bitcoin market?
The whale's sale of 85.7 WBTC for 7.29 million USDC at $84,997 per WBTC led to a temporary 0.3% dip in WBTC price, followed by a quick recovery, suggesting strong market resilience. The trading volume for WBTC/USDC surged by 23% within the hour of the sale, indicating increased market activity and potential for similar profit-taking strategies among other traders.
What technical indicators were significant at the time of the whale's sale?
At the time of the sale, the RSI for WBTC was at 68, indicating a near-overbought condition but still within a bullish range. The MACD showed a bullish crossover, suggesting continued upward momentum. These indicators, combined with increased trading volumes and active addresses, pointed to a strong market sentiment towards WBTC.
What was the profit made by the whale from this trade?
The whale made a profit of $727,000 from selling 85.7 WBTC, which were initially purchased for 6.56 million USDC at $76,522 per WBTC, and sold for 7.29 million USDC at $84,997 per WBTC.
余烬
@EmberCNAnalyst about On-chain Analysis