A whale that once built a position in WBTC and made over $100 million in profit has started to sell ETH, having sold a total of $41.06 million in ETH over the past two weeks

According to on-chain analyst Ai Yi's monitoring, an address that accumulated 1,074 WBTC at an average price of $10,708 four years ago seems to have started selling ETH after selling off its WBTC. This address previously took profit on 1,000 BTC at an average price of $118,011 this year, realizing a profit of $107 million.

10 hours ago, the address deposited 5,000 ETH into Binance, worth $15.36 million, and has accumulated a total of 13,403.28 ETH deposited to the exchange over the past 2 weeks, with a total value of $41.06 million. The address currently still holds 15,000 ETH and has interactions with addresses associated with Galaxy Digital, making it temporarily impossible to confirm the wallet's ownership.