#Whale dumps WBTC#

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Overview

Recently, an ETH whale known for its scalping operations, has concluded its 25th round of scalping with a profit of $905,000. Notably, the whale borrowed 100 WBTC from Aave 15 minutes prior to the operation and sold all of them at $100,706, totaling about $10.11 million. This move has drawn attention to WBTC in the market and also sparked speculations about whether the whale is engaging in some strategic operation.

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Analysis

Recently, an ETH whale known for its scalping operations has stirred the market. According to on-chain analysts, the whale, after 25 rounds of scalping, has sold its last 2,783 ETH from its main wallet address, generating a profit of $480,000. Another address still holds 1,013 ETH. With this, the whale has essentially concluded its 25th round of scalping, ending with a total profit of $905,000. Notably, the whale experienced a floating loss of $1,475,000 during the process. Additionally, the whale borrowed 100 WBTC from Aave and sold them all at a price of $100,706, totaling approximately $10.11 million. Currently, the whale's health score stands at 4.65. This series of operations has sparked speculation about the whale's motives. Some analysts believe that the whale might be engaged in arbitrage, while others suggest that it could be preparing for the next round of operations.

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Whale dumping WBTC could lead to short-term price fluctuations.

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The whale's actions may reflect a pessimistic outlook on the market.

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The whale's dumping behavior could trigger market panic.

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The whale's dumping behavior could lead to a drop in WBTC price.

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