WBTC Wallet: Exits at $64723 After $782K Loss

Wallet 0x770…399f2 bought 112.86 WBTC at an average $71655 on April 14 for $8.08M, watched paper gains exceed $1.18M in May, then exited in batches at $64723 on June 16 and hours ago, locking in a $782K loss and a 10% drawdown over two months. WBTC price prediction models now face renewed scrutiny as the token trades at $63375 inside its Bollinger band with upper resistance at $65284 and lower support at $61813; the 4-hour chart shows price below EMA50 at $64043 and far under EMA200 at $68533, confirming a bearish trend structure, while RSI at 45.48 stays neutral and MACD registers a bullish golden cross at -362 yet fails to lift price above resistance. BTC holders tracking similar entries should note the confluence of upper-band rejection and EMA50 overhead pressure points to further downside tests before any sustained recovery.