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Gat
The wallet 0x931…3c721 has been busy unwinding positions.
Over the last 3 hours, the owner pushed out 150 $BTC on-chain, about $13.84M -- selling around $92,276 on average. The catch? That batch locked in a $75K loss. Not ideal, but clearly part of a bigger plan.
This isn’t a new player either.
Since April 2025, they’ve been stacking long exposure, picking up 340.2 WBTC at roughly $92,777 each, totaling $31.56M.
Even after today’s sales, they still have 225.07 WBTC locked up as collateral on Aave, with $8.74M borrowed against it.
Health factor is sitting at a fairly comfortable 1.85, not in danger, but definitely worth watching.
📍 Wallet Add: 0x931433324e6b0b5b04e3460ef3fb3f78dda3c721
Looks like someone slowly reshuffling their risk rather than panicking but the story is still unfolding.