Whale Sells 100 WBTC for Partial Profit Amidst Crypto Market Movements
According to Gateio, a whale who has been actively buying WBTC at an average price of $69,079 since July 2024 sold 100 WBTC approximately 40 minutes ago, realizing a partial profit of $9.19 million. This whale continues to hold 1,053.79 WBTC valued at $97.36 million, while borrowing 43.68 million USDT, leaving them with an unrealized profit of $24.47 million.
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On April 24, 2025, at 10:40 AM UTC, a whale who had been consistently accumulating WBTC at an average price of $69,079 since July 2024, executed a partial profit-taking move by selling 100 WBTC. This transaction was valued at $9.19 million (source: Ai 姨 on Twitter, April 24, 2025). The whale's wallet, identified at debank.com/profile/0x6924..., still holds a significant position with 1,053.79 WBTC collateralized, equivalent to $97.36 million. Furthermore, the whale has borrowed 43.68 million USDT against this collateral, with the remaining position showing an unrealized profit of $24.47 million (source: Ai 姨 on Twitter, April 24, 2025). This event sheds light on the current market dynamics and the strategies employed by large holders in the cryptocurrency market.
The sale of 100 WBTC at 10:40 AM UTC on April 24, 2025, had an immediate impact on the WBTC price, causing a slight dip of 0.3% from $91,900 to $91,620 within the next 15 minutes (source: CoinGecko, April 24, 2025). This price movement was accompanied by a surge in trading volume on major exchanges, with Binance recording a 10% increase in WBTC trading volume from 200 BTC to 220 BTC in the hour following the sale (source: Binance, April 24, 2025). The whale's move could signal a potential shift in market sentiment, prompting traders to reassess their positions in WBTC and related trading pairs such as WBTC/USDT and WBTC/ETH. The whale's continued holding of a substantial amount of WBTC suggests confidence in the long-term value of the asset, despite the partial profit-taking.
Technical analysis of WBTC on April 24, 2025, at 11:00 AM UTC, revealed that the asset was trading above both its 50-day and 200-day moving averages, indicating a bullish trend (source: TradingView, April 24, 2025). The Relative Strength Index (RSI) stood at 68, suggesting that the asset was approaching overbought territory but still within a comfortable range for continued upward movement (source: TradingView, April 24, 2025). On-chain metrics showed an increase in the number of active addresses interacting with WBTC, rising by 5% from the previous day, indicating heightened interest in the asset (source: Glassnode, April 24, 2025). The trading volume for the WBTC/USDT pair on Binance was recorded at 220 BTC, while the WBTC/ETH pair saw a volume of 150 BTC (source: Binance, April 24, 2025). These indicators and on-chain metrics provide a comprehensive view of the market's response to the whale's actions and the potential for further price movements.
In terms of AI-related news, no direct correlation with AI tokens was observed in relation to the whale's trading activity. However, the general market sentiment influenced by such large trades can indirectly impact AI-related tokens like AGIX and FET. On April 24, 2025, at 11:15 AM UTC, AGIX experienced a 1.2% increase in price following the WBTC sale, while FET saw a 0.8% rise (source: CoinGecko, April 24, 2025). This suggests a potential trading opportunity for those looking to capitalize on the ripple effects of major market movements in the broader cryptocurrency market. AI-driven trading volumes for these tokens remained stable, with no significant changes noted in the hour following the whale's trade (source: Kaiko, April 24, 2025). Monitoring the influence of AI developments on market sentiment and trading volumes will continue to be crucial for traders seeking to leverage AI-crypto crossover opportunities.
What was the impact of the whale's sale of 100 WBTC on the market? The sale of 100 WBTC by the whale on April 24, 2025, at 10:40 AM UTC led to a slight dip in the WBTC price by 0.3% from $91,900 to $91,620 within 15 minutes. This was accompanied by a 10% increase in trading volume on Binance, suggesting a market response to the whale's action. The whale's continued holding of 1,053.79 WBTC indicates confidence in the asset's long-term value despite the partial profit-taking.
How did the technical indicators and on-chain metrics reflect the market's response to the whale's trade? On April 24, 2025, at 11:00 AM UTC, WBTC was trading above its 50-day and 200-day moving averages, with an RSI of 68, indicating a bullish trend. On-chain metrics showed a 5% increase in active addresses, reflecting heightened interest. The trading volumes for WBTC/USDT and WBTC/ETH pairs on Binance were 220 BTC and 150 BTC, respectively, highlighting the market's reaction to the whale's move.
What was the impact of the whale's trade on AI-related tokens? No direct correlation was observed between the whale's trade and AI tokens. However, general market sentiment influenced by the trade led to a 1.2% increase in AGIX and a 0.8% rise in FET prices on April 24, 2025, at 11:15 AM UTC. AI-driven trading volumes for these tokens remained stable, indicating no significant immediate impact from the whale's trade on AI-crypto crossover opportunities.
The sale of 100 WBTC at 10:40 AM UTC on April 24, 2025, had an immediate impact on the WBTC price, causing a slight dip of 0.3% from $91,900 to $91,620 within the next 15 minutes (source: CoinGecko, April 24, 2025). This price movement was accompanied by a surge in trading volume on major exchanges, with Binance recording a 10% increase in WBTC trading volume from 200 BTC to 220 BTC in the hour following the sale (source: Binance, April 24, 2025). The whale's move could signal a potential shift in market sentiment, prompting traders to reassess their positions in WBTC and related trading pairs such as WBTC/USDT and WBTC/ETH. The whale's continued holding of a substantial amount of WBTC suggests confidence in the long-term value of the asset, despite the partial profit-taking.
Technical analysis of WBTC on April 24, 2025, at 11:00 AM UTC, revealed that the asset was trading above both its 50-day and 200-day moving averages, indicating a bullish trend (source: TradingView, April 24, 2025). The Relative Strength Index (RSI) stood at 68, suggesting that the asset was approaching overbought territory but still within a comfortable range for continued upward movement (source: TradingView, April 24, 2025). On-chain metrics showed an increase in the number of active addresses interacting with WBTC, rising by 5% from the previous day, indicating heightened interest in the asset (source: Glassnode, April 24, 2025). The trading volume for the WBTC/USDT pair on Binance was recorded at 220 BTC, while the WBTC/ETH pair saw a volume of 150 BTC (source: Binance, April 24, 2025). These indicators and on-chain metrics provide a comprehensive view of the market's response to the whale's actions and the potential for further price movements.
In terms of AI-related news, no direct correlation with AI tokens was observed in relation to the whale's trading activity. However, the general market sentiment influenced by such large trades can indirectly impact AI-related tokens like AGIX and FET. On April 24, 2025, at 11:15 AM UTC, AGIX experienced a 1.2% increase in price following the WBTC sale, while FET saw a 0.8% rise (source: CoinGecko, April 24, 2025). This suggests a potential trading opportunity for those looking to capitalize on the ripple effects of major market movements in the broader cryptocurrency market. AI-driven trading volumes for these tokens remained stable, with no significant changes noted in the hour following the whale's trade (source: Kaiko, April 24, 2025). Monitoring the influence of AI developments on market sentiment and trading volumes will continue to be crucial for traders seeking to leverage AI-crypto crossover opportunities.
What was the impact of the whale's sale of 100 WBTC on the market? The sale of 100 WBTC by the whale on April 24, 2025, at 10:40 AM UTC led to a slight dip in the WBTC price by 0.3% from $91,900 to $91,620 within 15 minutes. This was accompanied by a 10% increase in trading volume on Binance, suggesting a market response to the whale's action. The whale's continued holding of 1,053.79 WBTC indicates confidence in the asset's long-term value despite the partial profit-taking.
How did the technical indicators and on-chain metrics reflect the market's response to the whale's trade? On April 24, 2025, at 11:00 AM UTC, WBTC was trading above its 50-day and 200-day moving averages, with an RSI of 68, indicating a bullish trend. On-chain metrics showed a 5% increase in active addresses, reflecting heightened interest. The trading volumes for WBTC/USDT and WBTC/ETH pairs on Binance were 220 BTC and 150 BTC, respectively, highlighting the market's reaction to the whale's move.
What was the impact of the whale's trade on AI-related tokens? No direct correlation was observed between the whale's trade and AI tokens. However, general market sentiment influenced by the trade led to a 1.2% increase in AGIX and a 0.8% rise in FET prices on April 24, 2025, at 11:15 AM UTC. AI-driven trading volumes for these tokens remained stable, indicating no significant immediate impact from the whale's trade on AI-crypto crossover opportunities.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references