Whale Deposits WBTC and ETH to a Centralized Exchange After 44% Portfolio Decline

A wallet address deposited 80 WBTC and 6,100 ETH to a centralized exchange (CEX) about four hours before the report, in a move flagged as a possible capitulation sale. According to BlockBeats On-chain Detection, the address 0x691…5FfF2 transferred the assets, which were estimated at $15.21 million at the time of deposit. The monitoring data indicated the tokens were accumulated around the market peak in mid-October last year. The address’s holdings were reported to have declined by 44%, with an estimated loss of $20.05 million.