COINOTAG News on August 24 reported that on-chain analyst Ai Yi identified a Smart Money account—the same entity that shorted BTC during the LUNA/UST collapse and realized $5.16 million—that **liquidated ETH** and trimmed **WBTC exposure** approximately one hour ago. The account sold 1,363 ETH and 30 WBTC, totaling about $9.79 million, and recognized a realized gain of $1.093 million from this buy-low-sell-high execution, according to on-chain data.
Historical on-chain tracking shows the same wallet previously captured $7.293 million by buying dips in BTC and WBTC and $4.907 million via ETH exposures. This disposition of assets represents a measurable reduction in wrapped-BTC weighting and aligns with conventional portfolio rebalancing and risk-management practices observed among high-conviction market participants.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/breakingnews/smart-money-that-shorted-btc-sells-1363-eth-and-30-wbtc-secures-1-09m-after-5-16m-luna-era-win/