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CoinGape

WBTC Smart Money Nabs $14M Profit With Major Selloff, Bitcoin At $59K

CoinGape
Summary
Nutrition label

68% Informative

A smart money address has made over $14 million in profit by selling Wrapped Bitcoin (WBTC) As Bitcoin (BTC) price touched an ATH this year , the smart money started gradually offloading its holdings.

WBTC is an Ethereum -based token on par with Bitcoin , i.e., one -to-one in value.

BTC's 24-hour trading volume saw a 26.36% decrease over the past day to $25.58 billion .

BTC Futures OI saw a 2.11% increase to $30.36 billion today , sparking mixed market sentiments on the asset.

VR Score

50

Informative language

40

Neutral language

42

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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