WBTC Whale Exits Large Position as $193M of Wrapped Bitcoin Moves to Exchanges (Binance), Potential $60.2M Profit
BTC/USDT
$17,831,917,334.90
$63,257.21 / $61,104.24
Change: $2,152.97 (3.52%)
+0.0034%
Longs pay
COINOTAG News, November 24; according to on-chain analyst Whale Whisperer, a prominent BTC-wrapped token holder has reportedly exited their position. The whale, who averaged a price of $66,169 to accumulate $144 million worth of WBTC, moved over $193 million in tokens to various exchanges over three weeks, with estimated potential gains of about $60.22 million if liquidated.
In a late development, 3 hours ago, the address 0x9b8…822d8 deposited 150 WBTC to Binance, valued at $12.87 million. With this transfer, the whale completed moving all 2,189.23 WBTC accumulated between February 2024 and February 2025 to the exchange, having sold at an average price of $95,994.
The current position includes about $85.55 million in ETH, underscoring cross-asset liquidity management. This on-chain activity highlights how large whales influence liquidity and price discovery in the wrapped token market, with trackers noting transfer patterns across major venues.