A news source called BlockBeats recently reported that a certain Ethereum (ETH) address made a net profit of 1,533 ETH after exchanging ETH for WBTC (Wrapped Bitcoin) six months ago. On March 19, the ETH price was $3,518 when the address exchanged 2,942 ETH for 1,500 WBTC at a cost of $62,724. Additionally, it bought 116 WBTC.
When the BTC price was $98,828 10 hours ago, 90.8 WBTC were exchanged for 2,709 ETH at a cost of 3,312. This report shows that the separate WBTC position still has a floating profit of $4.156 million.
