WBTC Whale Turns $9.77M Buy at BTC $16,933 Into $7.32M Gains; Address 0x3A2...bED2a Still Holds $32.12M — On-Chain BTC, WBTC Update
According to @ai_9684xtpa, Ethereum address 0x3A2...bED2a bought 577.17 WBTC on 2022-12-28 at a BTC-equivalent price of $16,933.54 for a total of $9.77M, source: @ai_9684xtpa. According to @ai_9684xtpa, over the past 10 hours the wallet sold 99.2938 WBTC on-chain for $8.995M, realizing $7.32M in profit based on the reported entry cost, source: @ai_9684xtpa. According to @ai_9684xtpa, the address did not exit at the $120k peak but previously sold about $4.27M around the $100k level, source: @ai_9684xtpa. According to @ai_9684xtpa, the address still holds 350.7 WBTC valued at approximately $32.12M on-chain, source: @ai_9684xtpa.
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In the volatile world of cryptocurrency trading, stories of savvy investors capitalizing on market bottoms often inspire traders looking for Bitcoin trading strategies. A notable example comes from a Bitcoin whale who demonstrated impeccable timing by purchasing Wrapped Bitcoin (WBTC) at one of the lowest points in recent years. According to blockchain analyst @ai_9684xtpa, this investor acquired 577.17 WBTC at a price of $16,933.54 per BTC on December 28, 2022, investing approximately 9.77 million USD. This move positioned them perfectly for the subsequent bull run, highlighting the potential rewards of buying during periods of low market interest, a strategy often summarized as 'buy when no one is asking.'
Analyzing the Whale's Profitable Exit Strategy in BTC Markets
Fast forward to the present, and this whale has begun realizing substantial gains. Over the past 10 hours as of November 19, 2025, they sold 99.2938 WBTC for about 8.995 million USD, netting a profit of 7.32 million USD on that portion alone. This sale occurred amid Bitcoin's impressive rally, where BTC prices have surged past key resistance levels. Although the investor didn't sell at the absolute peak of around 120,000 USD, they did offload some holdings at the 100,000 USD mark, securing an additional 4.27 million USD in profits. Currently, the wallet holds 350.7 WBTC, valued at roughly 32.12 million USD, underscoring a total return that has left many traders envious. This case study in BTC trading illustrates the importance of strategic profit-taking, balancing greed with risk management to lock in gains during market highs.
Market Implications and Trading Opportunities for BTC and WBTC
From a trading perspective, this whale's activity provides valuable insights into on-chain metrics and investor behavior in the cryptocurrency market. The initial purchase in late 2022 coincided with Bitcoin's bear market bottom, following the FTX collapse, when trading volumes were subdued and sentiment was overwhelmingly negative. On-chain data from explorers like Cow Protocol shows the buildup address at 0x3A20D28ca96d360eE91e1a6844c384f741abED2a and the profit-taking address at 0xADc842a26b185897aC22042c99961F854Ca4395F. Traders can learn from this by monitoring similar large wallet movements, which often signal potential price shifts. For instance, increased whale selling could pressure BTC prices, creating short-term trading opportunities for those using technical indicators like RSI or moving averages to identify overbought conditions.
Broader market sentiment remains bullish for Bitcoin, with institutional flows continuing to support upward momentum. This whale's story correlates with rising interest in BTC ETFs and corporate adoption, driving trading volumes higher across pairs like BTC/USD and WBTC/ETH. Support levels around 90,000 USD have held firm in recent sessions, while resistance at 110,000 USD could be tested soon. Traders might consider long positions if BTC breaks above 105,000 USD with high volume, targeting 120,000 USD, or use options strategies to hedge against volatility. The key takeaway is the power of patience in crypto trading—holding through cycles can yield massive returns, as evidenced by this investor's 300%+ gains.
For those optimizing their cryptocurrency portfolio, integrating WBTC into DeFi strategies offers liquidity advantages, but always watch for liquidation risks in leveraged positions. This narrative also ties into AI-driven trading tools that analyze on-chain data for predictive insights, potentially spotting similar bottom-buying opportunities. As Bitcoin evolves, stories like this reinforce the need for data-backed decisions, blending fundamental analysis with real-time market indicators to navigate the dynamic crypto landscape effectively.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references