A whale sold 264.4 WBTC before the US-Iran ceasefire proposal was reached, missing out on an extra $1 million in potential profits.

CoinFeed reported on April 8th that, according to on-chain analyst Ember, a DeFi whale sold 264.4 WBTC ($17.98 million) before the US-Iran ceasefire proposal was reached. A few hours later, the ceasefire was announced, and BTC rose 5%, meaning he missed out on $1 million in profit. Nine hours earlier, after repaying a 4.14 million DAI loan on Spark, he retrieved 264.4 WBTC as collateral and transferred it to Binance, at which time the BTC price was $67,990. Six hours later, the US-Iran ceasefire proposal was reached, and BTC rose 5%. Had he sold a few hours later, he could have earned an extra $1 million.