The crypto veteran who bought the dip during the 2022 bear market has new moves.

Back then, he built a position in WBTC at $16,933, and this move is indeed aggressive. Since yesterday, he hasn't stopped—he has already cleared 176.17 WBTC, cashing out nearly $15.8 million. The average selling price was $89,679, realizing a profit of 12.815 million directly on paper.

However, he clearly has not yet planned to fully retreat. On-chain data shows that there are still 280.479 WBTC lying in the wallet, worth about 25.73 million USD at current prices. This gradual reduction in positions indicates that he is testing the market's absorption capacity.

Daring to go heavy at the bottom of a Bear Market and taking profits at the high in a bull market, this is what true smart money does.