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Some smart money closed all positions on-chain, converting previously obtained ETH from WBTC, ultimately making a profit of 5.2 million USD.
Odaily News According to on-chain analyst Ai Yi’s monitoring, a certain smart money exchanged 69.07 WBTC for 2881 ETH on July 9, when the ETH cost was 2601.14 (almost at the rise starting point). Ten minutes ago, he closed all positions of the 2857 ETH obtained from the previous WBTC exchange on-chain, ultimately profiting 5.2 million USD.