On-Chain Analyst Highlights Increased WBTC Purchases

PANews reports that on-chain analyst @ai_9684xtpa highlights continued bullish activity surrounding Wrapped Bitcoin (WBTC). Notably, an address with the wallet identifier 0x931…3c721 has recently exhibited borrowing behavior. This entity borrowed 5.5 million USDT from Aave over the past three hours, transferring this to address 0x276…23E87, and subsequently purchased 60.07 WBTC at an average price of $91,242.6. Currently, 375.07 WBTC are being collateralized with 22.48 million USDT borrowed against them.