A certain whale purchased 393.3 WBTC on the chain and then exchanged it for 7,567 ETH on Uniswap using one-sided liquidity
According to on-chain analyst @EmberCN monitored by X platform, a certain whale spent 18.36 million USDC yesterday to buy 393.3 WBTC on the chain. However, as the ETH/BTC exchange rate began to rebound today, he sold these 393.3 WBTC for 7,567 ETH on Uniswap an hour ago using single-sided liquidity method. As a result, his cost of ETH has reached $2,427 which is higher than the current price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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