Crypto Selloff: WBTC Smart Money Nabs $14M Profit, Bitcoin At $59K

A smart money address dealing in Wrapped Bitcoin (WBTC) has made over $14 million profit in a crypto selloff spree. As the Bitcoin (BTC) price touched an ATH this year, the smart money started gradually offloading its holdings, making a staggering ROI. Meanwhile, the BTC price today traded at the $59,000 level, with market participants speculating over the asset’s future price trajectory.