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Wallet Liquidates 112.86 WBTC on June 16, Realizes $822K Loss After Two-Month Hold

GateNews
WBTC1.25%
BTC1.15%

According to on-chain analyst Ai Yi, a wallet liquidated 112.86 WBTC on June 16 and seven hours ago at an average price of $64,723. The address had purchased the holdings on April 14 at a cost of $71,655 per coin, floating gains exceeding $1.18 million in mid-May before the losses materialized.

The two-month position resulted in a 10% drawdown, with realized losses totaling $822,000 as Bitcoin prices declined from the earlier peak.

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