Smart Money Profits $8.93 Million From WBTC Transactions

According to Odaily, an on-chain analyst known as Ai Yi has reported significant profits from a particular address engaging in strategic WBTC transactions. This address, dubbed 'Smart Money,' has once again capitalized on market movements, earning $8.93 million from WBTC trades. Since October 2024, the address has accumulated 377 WBTC at an average price of $72,926, totaling approximately $27.49 million. In recent activity, the address reportedly sold 150 WBTC as Bitcoin tested new highs, achieving an average selling price of $101,727. This transaction is estimated to have generated a profit of $4.32 million. Despite these sales, the address still holds 147 WBTC, with an unrealized gain of $4.61 million. This strategic buying and selling approach highlights the address's ability to navigate the volatile cryptocurrency market effectively.