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On January 9th, COINOTAG reported a significant development in the crypto market. According to Spot On Chain data, a notable whale investor with a staggering $2.34 billion portfolio made a strategic move by depositing 300 WBTC, valued at approximately $28.5 million, into the Binance exchange.
This whale’s trading history reveals a pattern of buying low and selling high, particularly with WBTC since March 2023. Presently, the investor retains 195 WBTC, equivalent to $18.4 million, on the lending platform Aave. Such transactions underscore the growing interest and movements in the cryptocurrency market, especially in light of the recent approval of BTC sales by the US government, potentially influencing market dynamics.
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