TechFlow News, June 26: According to on-chain analyst Yu Jin (@EmberCN), Wang Chun (@satofishi) today withdrew 9,937 ETH (approximately $15.5 million) and 147.5 WBTC (approximately $8.7 million) from Binance and deposited them into the Spark Protocol.
Since early June—when BTC fell below $60,000 and ETH dropped below $1,700—Wang Chun has accumulated approximately 65,700 ETH (about $111 million) and 966 WBTC (about $60.29 million) as part of a bottom-fishing strategy. His average entry prices stand at roughly $62,400 for BTC and $1,660 for ETH. All of his WBTC and about half of his ETH have been deposited into Spark, while the remaining ETH has been staked on Ethereum.
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