Smart Money Moves: Significant Bitcoin Purchase Amid Market Fluctuations

According to PANews, on-chain analyst @ai_9684xtpa has reported a notable transaction involving a savvy investor who previously made a profit of $1.27 million by buying Ethereum during a market dip on August 5 last year. Last night, this investor made a strategic move by purchasing Bitcoin. The investor initially deposited 13.74 million USD0++ in Morpho, borrowing 10.9 million USDC. Subsequently, they used 5.498 million USDC to acquire 53.82 Wrapped Bitcoin (WBTC) at an average price of $102,145. Additionally, the investor added liquidity to Uniswap V2 using the 53.82 WBTC and the remaining 5.485 million USDC, incurring LP fees. Currently, this Bitcoin investment is experiencing an unrealized loss of $56,000.