Large Investors started to release WBTC after building a position, what signal does the dumping of 245 coins to the exchange send?

[Chain News] Interestingly, the operation chain of a Large Investor has recently come to light. This player spent 38.16 million USD on WBTC more than three weeks ago, when the price was 85754.65 USD. Now, the rhythm has changed - first, three weeks ago, he made a significant move at the exchange, and then four hours ago, he deposited another 195 WBTC, equivalent to about 17.05 million USD. In total, he has now accumulated 245 WBTC.

According to the current market situation, if this operation is fully realized, the profit is $325,000. It sounds stable, but there are still 200 coins left in the account that haven't been touched, and this portion of the position has already achieved a floating profit of $389,000.

It is worth noting that during this process, WBTC once surged to a high of 94555 USD. The actions of Large Investors reducing their holdings and this price spike seem to tell the same story – someone is cashing out, which is usually a signal for market sentiment to shift from greed to caution.