BlockBeats news reported that, on November 23, an on-chain data analyst observed a certain address exchanging ETH for WBTC six months ago and making a net profit of 1,533 ETH. On March 19, when the ETH price was $3518, the address exchanged 2942 ETH for 150 WBTC at a cost of $62,724 and also bought 116 WBTC.
When the BTC price was US$98,828 10 hours ago, 90.8 WBTC were exchanged for 2709 ETH at a cost of 3312, with the separate WBTC position still having a floating profit of US$4.156 million.
