2026-01-07 03:25:48

Interesting position adjustment occurred👀

A major treasury cleared out $15.07 million worth of WBTC from a lending protocol and completely swapped it into WETH. This move directly reduced the WBTC position to zero.

After calculating, these coins were bought between January and February last year at an average price of $104,710.55. Selling now would result in a loss of $1.978 million. It seems that many people bought in at the high point😅

The amount of WETH received is 4611.65, with an average cost of $3260.88. Is this asset reallocation driven by confidence in Ethereum's performance or an attempt to hedge against Bitcoin risk? It’s worth paying attention to the subsequent market reactions.

WBTC0,31%

ETH1,15%

BTC0,33%

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LootboxPhobia

· 01-09 05:54

Still daring to cut despite losing nearly 2 million, truly brave. Looks like the story of BTC can't go on.

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CryptoNomics

· 01-09 00:41

actually if you run a basic correlation matrix on their liquidation patterns, this rebalance screams desperation more than thesis conviction. classic portfolio hemorrhaging.

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BearMarketSunriser

· 01-08 20:40

Oops, nearly 2 million in losses and you just cut your losses like that? Either you're really bearish on Bitcoin, or you're forced to stop the loss. Anyway, every move by the big institutions is telling a story.

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TradFiRefugee

· 01-07 03:54

1.978 million dollars, wow, it must be so painful to make such a drastic cut 😅

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ChainChef

· 01-07 03:53

yikes, someone's got the recipe all wrong here... 197.8M in losses is a spicy seasoning nobody asked for 😅 but real talk, full pivot to eth? either they're marinating on something we don't see or just cutting losses before it burns completely. either way, the appetite for btc just got... thinner.

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ChainProspector

· 01-07 03:51

This move by the big institutions is quite interesting. They forcibly cut a floating loss of nearly two million, indicating they are not so optimistic about Bitcoin's future market.

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WhaleWatcher

· 01-07 03:50

Selling at the floor price is really incredible; accepting a loss of 1.97 million... It seems like I got caught quite badly.

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LiquidationWizard

· 01-07 03:47

It's another big cut-loss drama, nearly two million just gone like that. Feel sorry for this guy.

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CascadingDipBuyer

· 01-07 03:45

This is a big institution chickening out, directly abandoning BTC and embracing ETH. Are they really going to swallow a loss of 1.97 million? Truly a mirror reflecting the true nature of the crypto retail investors😂

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MevHunter

· 01-07 03:37

Haha, it's another story of taking a loss. A loss of 1.97 million, that must hurt a lot.

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