A whale sold 76.6 WBTC and 2,265 ETH on the chain for 13.19 million USDT, making a profit of $6.98 million

As monitored by on-chain analyst Yu Jin, an hour and a half ago, a whale sold 76.6 WBTC and 2,265 ETH on the chain in exchange for 13.19 million U, ending his leveraged long position on WBTC and ETH since July last year, realizing a profit of $6.98M.

He borrowed 5,545 ETH from Aave by collateralizing it to buy 3,826.5 ETH at a price of $2,482 and 134.2 WBTC at a price of $46,851.

Today, he cleared his loan on Aave by selling some of his WBTC and ETH, and the profit from this investment round was $6.98M (879 ETH + 57.5 WBTC).

The 5,545 ETH he used as collateral for the loan has also appreciated by $8.27M (+70%) compared to last year.