Having once incurred a floating loss of $1.423 million, an address holding 78 WBTC ultimately took profits and closed out with a gain of $127,000.

Odaily reported that, according to on-chain analyst Ai Yi, a certain address bought 78 WBTC on-chain at an average price of 76,824 USD on May 19, investing approximately 5.99 million USD. After building the position, the price of WBTC continued to decline, and the assets held by this address at one point shrank by 24%, with unrealized losses reaching 1.423 million USD. Nine hours ago, the address closed out its position at 78,463 USD, ultimately making a profit of 127,000 USD.