WBTC

It is reported that according to the monitoring of Lookonchain, an institution (perhaps Amber Group) sold 800 WBTC ($17.36 million) and 6042 ETH ($9.26 million) before the market fell today. Before the market fell on February 10, it also sold 6525 ETHs (US $10.8 million) and 1000 WBTC (US $22.84 million). Interpretation of this information: The cryptocurrency market is known for its volatility and fluctuations, and this week has been no different. In light of the recent dip in prices, an institution, potentially Amber Group, reportedly sold a significant amount…

According to Dune data, after the second largest single-day destruction on February 27, the supply of Wrapped Bitcoin (WBTC) fell to the lowest level since May 2021, currently 164396 WBTC, with a monthly growth rate of -7.39%. Interpretation of this information: The message provides insights regarding the supply of Wrapped Bitcoin (WBTC), a type of Bitcoin token that is backed with an equal amount of real Bitcoin. Dune data shows that on February 27, there was a significant drop in WBTC supply, which was the second largest single-day destruction. Following…

According to PeckShield Alert, about 10628 WBTC (about US $250 million) have been transferred from the address marked as Celsius to the institutional digital asset management platform Falcon X in the past 7 hours. Interpretation of this information: The past seven hours have seen a very significant transaction involving WBTC, which is the Wrapped Bitcoin, a type of cryptocurrency that is pegged to Bitcoin’s value. Specifically, 10,628 WBTC, which is valued at about $250 million, was transferred from Celsius’ address to Falcon X, an institutional digital asset management platform. This…