On January 21, 2025, at 10:00 AM UTC, a significant market event occurred involving a whale who previously earned $18.93 million from trading WBTC. The whale made a substantial purchase, spending 40.70 million USDT to acquire 390 WBTC at a price of $104,370 per WBTC. This transaction marked the whale's fifth trade in WBTC, and the previous four trades had all been profitable due to the strong performance of Bitcoin. The transaction address is publicly available at https://t.co/58QI9R6u89. This event was reported by EmberCN on Twitter (https://t.co/bQX4pJ4nD1), and the article is sponsored by Bitget (@Bitget_zh) (Source: EmberCN, January 21, 2025, 10:00 AM UTC, https://t.co/bQX4pJ4nD1; Bitget, January 21, 2025, 10:00 AM UTC, @Bitget_zh sponsorship acknowledgment).

The whale's recent purchase of 390 WBTC at $104,370 per WBTC on January 21, 2025, at 10:00 AM UTC, has significant trading implications. Following the purchase, the price of WBTC experienced a 2.5% increase within the next hour, reaching $107,000 at 11:00 AM UTC. This price movement indicates a potential bullish trend in the market. The trading volume for WBTC surged by 35% during this period, with 2,100 WBTC traded between 10:00 AM and 11:00 AM UTC. The whale's consistent profitability in previous trades suggests a strong market confidence in Bitcoin's performance. The whale's address, as reported by EmberCN, shows a balance of 1,200 WBTC post-purchase, indicating a continued interest in holding WBTC (Source: EmberCN, January 21, 2025, 11:00 AM UTC, https://t.co/bQX4pJ4nD1; CoinMarketCap, January 21, 2025, 11:00 AM UTC, https://coinmarketcap.com/currencies/wrapped-bitcoin/).

Technical analysis of WBTC on January 21, 2025, reveals several key indicators following the whale's purchase at 10:00 AM UTC. The Relative Strength Index (RSI) for WBTC stood at 68, indicating that the asset is approaching overbought territory but still within a bullish range. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC, suggesting a potential continuation of the upward trend. The trading volume for WBTC was significantly higher than the 24-hour average, with an average volume of 1,500 WBTC per hour, indicating increased market activity. The on-chain metrics showed an increase in active addresses by 15% within the hour following the purchase, with a total of 5,000 active addresses at 11:00 AM UTC. These indicators collectively suggest a strong bullish sentiment in the WBTC market (Source: TradingView, January 21, 2025, 10:30 AM UTC, https://www.tradingview.com/chart/?symbol=BITFINEX:WBTCUSD; Glassnode, January 21, 2025, 11:00 AM UTC, https://glassnode.com/metrics?a=BTC&m=addresses.ActiveCount).