According to @EmberCN, a major whale or institution that accumulated 1,495 WBTC via cyclic lending between July and November 2024 has just transferred 50 WBTC (worth $5.9 million) to Binance for profit-taking. The whale purchased the WBTC at an average price of $69,162, totaling $103 million, and since March 2025 has been progressively selling WBTC on Binance and converting proceeds to USDC for loan repayment. This steady offloading may increase short-term selling pressure on WBTC and could signal continued profit realization strategies among large holders, potentially impacting WBTC and broader BTC market sentiment. Source: @EmberCN