Wrapped Bitcoin (WBTC)

may Mythos have mercy on us https://t.co/2KhaDMXeIo

Bought the Top, Held the Crash... and Finally Gave Up? This is the kind of chart every trader hopes never becomes their own.

6 hours ago, address 0x691…5FfF2 transferred 80 $WBTC and 6,100 $ETH .. worth approximately $15.21 million , to Binance, a move that many on-chain watchers believe could be a capitulation or liquidation event.

These weren't recent purchases. The wallet built most of this position near the market peak back in mid-October last year, buying when sentiment was strong and prices were flying higher.

Then came the drawdown. Month after month, the position lost value as the market moved against it. Instead of exiting early, the wallet held through the decline, watching the portfolio steadily shrink.

Today, the damage is substantial. Based on current valuations, the wallet's assets have fallen by roughly 44% from their peak value.

And now, after holding through all that volatility, the funds have been moved to Binance. Maybe it's a liquidation or Maybe it’s a delayed exit Or maybe it’s simply someone deciding they’ve had enough.

Anyway, it’s a reminder that timing matters just as much on the way out as it does on the way in.

Address: 0x691cb02bF62a0bb2397bFAE9a55F7380D415FfF2

I am also a Monarch enjoyooor, but to be fair:

Once you are in Monarch, you are essentially PvPing against all curators in the same market. This means that when the market has issues, curators compete with you.

Also, they can game utilisation ratios and rebalance more effectively.

Yes I do agree that direct access to some markets can give you higher yield, but you also need to know that you are your own curator in which you are massively uncompetitive.