COINOTAG News reported on November 21 that on-chain analyst Ai Auntie tracked a whale venture involving the sale of a sizeable ETH and WBTC stake. The address liquidated 250 WBTC and part of ETH, over an eight-hour window. The WBTC slice totaled about $21.17 million at an average price of $84,710, realizing a $7.95 million loss.
From November 17 through 21, the same whale gradually reduced its ETH position, selling 17,497 ETH (worth $52.41 million) at an average price of $2,994.9, realizing a loss of roughly $18.4 million relative to prior acquisition costs from 13,316 ETH.
Having amassed WBTC and ETH at the August–September peak, the holder records a total drawdown of about $26.35 million in under four months, with 1,310 WBTC still unrealized at roughly $40.71 million in the red.
Source: https://en.coinotag.com/breakingnews/eth-whale-sell-off-realizes-18-4m-loss-as-wbtc-dump-pushes-total-loss-to-26-35m-in-four-months
