Wrapped BTC price

In recent months, making money has relied entirely on being an LP on Uniswap, with UNI subsidies and decent returns. There are always people who can't distinguish between LP and grid trading, even thinking that LP and grid are the same, but they are actually different. However, if LP is done well (essentially being lucky), it can achieve the same effect as grid trading. In terms of U-based strategy, my thoughts are as follows: 1: Choose the WBTC-USDT or WBTC-USDC LP on Unichain. 2: Assume the current price is 1 WBTC = 110,000 USDC. Then create a one-sided WBTC-USDC LP at 100,000 - 105,000. This LP may not work at all or may only work for a short period, depending on the market; I can only wait and pray. This step is equivalent to expecting BTC to drop, with the LP automatically buying at a low price. 3: When the price falls below 100,000, withdraw the LP and hold WBTC. Then create a one-sided WBTC-USDC LP at 105,000 - 115,000. This LP may not work at all or may only work for a short period, depending on the market; I can only wait and pray. This step is equivalent to expecting BTC to rise, with the LP automatically selling at a high price. 4: If the strategy is completely successful, then I earn transaction fees, UNI subsidies, and also benefit from the price fluctuations. If I get stuck at step 2, I lose the potential earnings of USDC elsewhere. If I get stuck at step 3, holding WBTC, I think that’s acceptable too; it’s just that I don’t know how to get this U-based money back, and I’m forced to believe in it. 5: This way, letting LP buy at low prices and sell at high prices is like grid trading; at the same time, LP can also earn transaction fees and such. Doing this strategy multiple times, I admit I’m both inexperienced and love to play, but if successful, the returns are really decent. I rely on these tricks to support my activities outside.

🔵 Last year, a whale/institution accumulated 1,495 WBTC through a revolving loan method and has recently been selling WBTC to take profits. According to DeThings on July 4, on-chain analyst Yu Jin monitored that during the period from July to November 2024, a whale/institution accumulated 1,495 WBTC through a revolving loan method and has recently been gradually selling WBTC to realize profits. This whale/institution currently has a total profit of $49.75 million on WBTC: the sold portion has realized a profit of $19.17 million, while the unsold portion has an unrealized profit of $30.58 million. This whale/institution purchased 1,495 WBTC in the second half of last year at an average price of $69,162 using a revolving loan method, and then started gradually transferring WBTC to Binance for sale and repaying USDC from March this year. So far, they have sold 723 WBTC for 69.17 million USDC and repaid the loan, with an average selling price of $95,678. They still hold 753.8 WBTC (worth $82.6 million).

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Have you risen a lot in the rankings on Yaprun? @infinex I only posted 1-2 times a week, and as expected, my rank dropped😭 381>>398... whoa I need to step it up!! Bullrun point 1600 points Still, I'm holding my ground here haha I guess I can't be lazy anymore. I need to focus on posting before the Yappers swarm in at the end^^

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