The wallet 0x931…3c721 has been busy unwinding positions.
Over the last 3 hours, the owner pushed out 150 $BTC on-chain, about $13.84M -- selling around $92,276 on average. The catch? That batch locked in a $75K loss. Not ideal, but clearly part of a bigger plan.
This isn’t a new player either.
Since April 2025, they’ve been stacking long exposure, picking up 340.2 WBTC at roughly $92,777 each, totaling $31.56M.
Even after today’s sales, they still have 225.07 WBTC locked up as collateral on Aave, with $8.74M borrowed against it.
Health factor is sitting at a fairly comfortable 1.85, not in danger, but definitely worth watching.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The wallet 0x931…3c721 has been busy unwinding positions.
Over the last 3 hours, the owner pushed out 150 $BTC on-chain, about $13.84M -- selling around $92,276 on average. The catch? That batch locked in a $75K loss. Not ideal, but clearly part of a bigger plan.
This isn’t a new player either.
Since April 2025, they’ve been stacking long exposure, picking up 340.2 WBTC at roughly $92,777 each, totaling $31.56M.
Even after today’s sales, they still have 225.07 WBTC locked up as collateral on Aave, with $8.74M borrowed against it.
Health factor is sitting at a fairly comfortable 1.85, not in danger, but definitely worth watching.
📍 Wallet Add: 0x931433324e6b0b5b04e3460ef3fb3f78dda3c721
Looks like someone slowly reshuffling their risk rather than panicking but the story is still unfolding.