Whale builds position at low levels and sweeps up hundreds of WBTC, borrowing 2 million USDC to enter the market

2025-12-24 07:16:12

Abstract generation in progress

【Blockchain Rhythm】 On-chain data has uncovered some hot news. On December 24th, a wallet address drew attention—this guy had been lurking since the BTC dip two years ago, with an entry price of only $29,775. Recently, this fellow hasn’t been idle; two hours ago, he withdrew 99.9 WBTC (worth $8.68 million) from a major exchange. This move directly pushed his average holding cost for 173.5 WBTC to $62,703, with an unrealized profit of 4.232 million so far.

What’s even more interesting is the subsequent action—he collateralized all these WBTC on the Aave platform and then borrowed 2 million USDC to transfer to a major exchange. Clearly, he’s planning his next move—whether to add to his position or have other intentions, no one can say for sure. But for someone who started accumulating BTC two years ago, his vision is definitely something.

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RektHunter

· 6h ago

This guy is really a ruthless person. Two years ago, he was accumulating at low points, and now he's directly collateralizing to borrow coins... Either he's trying to bottom out the altcoins, or he's betting that BTC will continue to surge and leverage up. Anyway, this kind of move is either a gambler or an expert—there's no third type of person.

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ProposalManiac

· 22h ago

I've seen this trick before—using collateralized loans to re-enter the market, a typical leverage position increase. The question is, at this price level of BTC, is it incentive-compatible?

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SleepyValidator

· 22h ago

Wow, this move—directly collateralizing and borrowing. Bro, are you going all in?

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OnchainDetective

· 22h ago

This guy's bottom-fishing ability two years ago was truly exceptional. Now he's still willing to add to his position a second time. He's really got guts.

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governance_lurker

· 22h ago

This guy is really bold. He dared to buy the dip two years ago, and now he's playing with leverage and borrowing... I just want to know whether he's going to buy the dip on the altcoins next or wait to buy the dip on Bitcoin.

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OneBlockAtATime

· 22h ago

Two years of lurking and then taking off directly, this move looks really bold. Borrowing 2 million USDC won't be just for fun; there will definitely be follow-up big actions.

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