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The address that shorted BTC during the Luna crash spent $9.829 million to buy WBTC
September 26, 2025
CoinFeed News
According to on-chain analyst Ai Yi, despite the market decline following legendary trader Eugene's bearish outlook, another prominent smart money address purchased 89.44 WBTC, spending a total of $9.829 million USDT at an average price of $109,897. This address previously shorted BTC during the LUNA/UST crash, generating $5.16 million in profits and $13.293 million through bottom-fishing in BTC and ETH. The address's most recent reduction in BTC holdings was at $115,000.