Investor Suffers $316,000 Loss in WBTC Trade Amidst Market Drop

A blockchain analysis firm, Odaily reports that an address associated with investor 0x21B…4284 made a significant investment in WBTC during a bearish market downturn. According to their report, the address spent 6 million USDC to acquire 65.65 WBTC at an average price of $91,384 per unit. Within the past five hours, they then sold all of their WBTC holdings for an average price of $86,563, resulting in a substantial loss of $316,000 USD.