Crypto
WBTC Trader Locks in $127k Profit After Months of Volatility
A WBTC holder has made a $127,000 profit by selling their tokens after holding them for months.
The investor bought 78 WBTC tokens on May 19 at an average price of $76,824 each for approximately $5.99 million.
Despite experiencing a 24% peak unrealized loss of $1.42 million, the trader locked in their profit by selling nine hours ago at $78,463.
The price action on the 4-hour chart shows WBTC trading within its Bollinger Bands, with upper resistance at $78,968.31 and lower support at $77,250.74.