🔄 Whale Executes $5.3M WBTC-to-WETH Swap in 31 Trades
🔄 Whale Executes $5.3M WBTC-to-WETH Swap in 31 Trades
🐋 Whale dumps Bitcoin
On July 11, wallet address 0xaf2 executed a significant trading operation over 3.5 hours, converting $5.3 million worth of WBTC (Wrapped Bitcoin) into WETH (Wrapped Ethereum).
Key Details:
- Total value traded: $5.3M
- Number of trades: 31
- Duration: 3.5 hours
- Direction: WBTC → WETH
The methodical approach of splitting the transaction into 31 separate trades suggests a strategy to minimize price impact and slippage during the large-scale conversion between the two major wrapped assets.
On July 11, over 3.5 hours, 0xaf2 placed 31 trades to sell $5.3M of WBTC for WETH
Bebop Outperforms Onchain Pools in Whale Trading Analysis
**Performance Comparison** Bebop demonstrated superior execution in a recent whale trading analysis: - Won twice as much volume compared to onchain pools - Secured majority (>50%) in 30 of 31 trades - Maintained effectively identical execution prices **Fill Depth Analysis** The platform showed significantly deeper liquidity: - Bebop averaged **1.89 WBTC per fill** - Onchain pools averaged **0.33 WBTC per fill** - Overall depth measured at **5.7x deeper** than average onchain liquidity pools The data comes from analysis of a whale's WBTC to WETH rotation executed last week, with price held constant across comparisons.
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