A strategic reserve address has completed an important asset adjustment. The $15.07 million worth of WBTC withdrawn from the Aave protocol has been fully converted to WETH. With this operation executed, the Bitcoin position in this wallet has been officially cleared.



According to on-chain data, this batch of WBTC was purchased in installments between January and February 2024, at an average price of approximately $104,710.55. The recent sale decision implies that the address realized a loss of about $1.978 million on this position. Interestingly, the 4,611.65 ETH received has an average cost basis of $3,260.88, reflecting the address holder's reallocation strategy within the Ethereum ecosystem. From a market perspective, such large institutional-level position shifts often provide market participants with some points for consideration.
WBTC-2.02%
ETH-3.26%
BTC-2.04%
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ProposalDetectivevip
· 23h ago
A loss of nearly two million dollars. This guy switched from BTC to ETH, it seems he really believes in Ethereum.
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BearMarketSurvivorvip
· 01-07 07:51
This guy directly liquidated his position, with a loss of about two million dollars. That's pretty harsh.
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UnluckyMinervip
· 01-07 07:51
Oh my god, nearly $2 million just evaporated. That must be so painful... Is turning to embrace ETH a way to turn things around or to continue wading through the muddy waters?
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SquidTeachervip
· 01-07 07:49
This guy really took a loss, nearly 2 million dollars just gone... But then he turned around and invested in ETH, it seems he's still optimistic about Ethereum.
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CantAffordPancakevip
· 01-07 07:49
Oh my god, this guy took a pretty big loss. Nearly two million dollars just gone like that.
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MemeCoinSavantvip
· 01-07 07:46
so they really just took the L on btc and went all in on eth... the memetic coefficient of this portfolio rotation is giving "i read one medium post about ethereum infrastructure" energy fr fr 🤔
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AlwaysAnonvip
· 01-07 07:37
Still going all-in on Ethereum despite a 2 million loss—does this guy truly believe or is he just giving up?
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