PANews reported on November 23 that according to @ai_9684xtpa’s monitoring, some smart money sold ETH at a high price and converted it to WBTC, and then converted it back to ETH after BTC reached a new high, making a net profit of 1,533 ETH in eight months.

• On March 19, when ETH was $3,518, the smart money exchanged 2,942 ETH for 150 WBTC at a cost of $62,724; it also bought 116 WBTC.
• 10 hours ago, when BTC was $98,828, 90.8 WBTC were exchanged for 2,709 ETH at a cost of $3,312.

In addition, the WBTC position that was established separately also had a floating profit of US$4.156 million.