WBTC Trader Exits With $127,000 Profit After Brief $1.42 Million Unrealized Loss

An address bought 78 WBTC on-chain on May 19 at an average price of $76,824, according to Ai Yi monitoring. According to ChainCatcher, the position was later closed 9 hours ago at $78,463 per WBTC, resulting in an estimated profit of about $127,000. After the position was opened, WBTC fell for a period and the address’s peak unrealized loss reached about $1.423 million, or roughly 24% of the position's value. The address ultimately exited the trade after recovering from the drawdown.