PANews reported on April 8 that, according to on-chain analyst Ember, a DeFi whale sold 264.4 WBTC (US$17.98 million) before the US-Iran ceasefire proposal was reached. A few hours later, the US-Iran ceasefire proposal was reached and BTC rose by 5%, meaning he sold BTC for US$1 million less.

Nine hours ago, after repaying a loan of 4.14 million DAI on Spark, he retrieved 264.4 WBTC as collateral and transferred it to Binance. At that time, the price of BTC was $67,990.

Six hours later, a ceasefire proposal was reached between the US and Iran, and BTC rose by 5%. If he had sold this BTC a few hours later, he could have made an extra $1 million.