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Exchanges@EmberCN on XFiled 40 h ago

A post by @EmberCN on X.

Open the post on XPosted by @EmberCN on x.com
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A whale wallet (0xc79b) that panic-sold 288.1 cbBTC for about $22.35 million at $77,592 after a Binance-related theft has partially rebuilt its position, repurchasing 203.6 cbBTC for roughly $15.85 million at $77,804 during an overnight decline. The buyback came after bitcoin rebounded to about $81,200, meaning the whale re-entered slightly above its panic-sale price despite catching a dip. The episode highlights how looping/leveraged lending whales can amplify spot selling during stress and then scramble for liquidity on the way back up. Traders are watching whether the wallet restores the remaining ~84.5 cbBTC and whether further volatility forces more deleveraging or fresh buying.

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0xc79b, cbBTC, Binance, Bitcoin (BTC), EmberCN

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