A whale switched from gold to BTC after making a $600,000 profit.
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BlockBeats News, March 3, according to on-chain analyst Yu Jin's monitoring, a whale switched back to BTC after making a $600,000 profit from building a position in gold:
· One month ago, he used 8.1 million USDC to purchase 1,637 XAUt at a price of $4,948.
· Today, one month later, gold has risen above $5,300. Nine hours ago, he sold these 1,637 XAUt ($8.7 million) and exchanged them for 125.9 WBTC.
· XAUt selling price was $5,315, WBTC buying price was $69,091.
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