A certain Whale who previously swapped WBTC for ETH has today swapped back to WBTC, netting 11 BTC in profit over two months.
PANews July 21 news, according to on-chain analyst @ai9684xtpa monitoring, a certain Whale exchanged WBTC for ETH in May, and today exchanged back to WBTC, netting 11 BTC (approximately $136.40 million) in two months.
The ETH price rose by 48.7% (from $2527 to $3759) during the back and forth, resulting in an additional 11.64 WBTC obtained compared to the initial amount. The analyst stated that this kind of operation requires "$34; precise trend judgment + strong position determination $34;", which is difficult for ordinary investors to replicate.