Not Every Whale Survives the Wave. This rally didn’t just mint winners. It washed a few giants out.
One of them was hiding behind the address
0x8C0824fFccBE9A3CDda4c3d409A0b7447320F364.
Three months ago, right after
#Bitcoin pulled back from its ATH and the first rebound began, this wallet stepped in with size. Between Oct 22 and Oct 26, it accumulated 264.86
$WBTC on-chain at an average price of $113,012 - nearly $30 million deployed when confidence was still fragile.
Then came the wait. Three months of sitting still while the market tested everyone’s patience. And now, during the uptrend, it ended.
Seven hours ago, every single
#WBTC was sent to Binance at a deposit price around $93,823. If those coins were sold, the damage comes out to roughly $5.08 million in losses.
It’s a reminder most people don’t like hearing: Time in the market isn’t always enough. Even size doesn’t guarantee survival.
Sometimes you do everything “right” buy the rebound, hold for months and the market still makes you pay for staying too long.