TLDR:
- 173 WBTC sold at $67K, totaling $11.75M in USDC during a volatile Bitcoin session.
- Initial trades were fast and decisive, signaling structured exits amid price weakness.
- Bitcoin dipped to low $60Ks but quickly recovered to $70K, showing market absorption.
- WBTC to USDC rotation reflects liquidity preference and defensive risk management strategy.
Trump-linked World Liberty Finance sold 173 WBTC near $67K, moving $11.75M into USDC. The trades were fast and decisive, coinciding with Bitcoin’s dip into the low $60Ks.
Liquidity thinned, stops triggered, but buyers quickly stepped in. Bitcoin rebounded to $70K, showing the market absorbed pressure efficiently. The sale signaled caution, yet strength remained clear.
Timing and Market Mechanics of the WBTC Sale
Trump-linked World Liberty Finance executed 173 WBTC sales on February 5, coinciding with Bitcoin’s decline from the mid-$70Ks to the low-$60Ks. Initially, 40 WBTC were sold for $2.761M USDC, immediately followed by 33 WBTC for $2.276M USDC.
Both trades occurred within a minute. Consequently, the market saw a clear signal of urgency rather than routine rebalancing.
Later, 100 WBTC were sold for $6.711M USDC as Bitcoin accelerated downward. This final trade appeared as a towering spike on the chart, coinciding with a steep price drop.
Therefore, the sequence indicates that the sales were structured and decisive, creating a liquidity event during volatility.
Moreover, moving from WBTC to USDC demonstrates a defensive approach. USDC preserves value while offering flexibility for future actions. Thus, the strategy prioritizes liquidity over exposure.
Market participants noted that sales at the $67K level influenced sentiment. Even if independent, the “Trump-linked” label amplified attention, making the timing appear cautious.
In addition, the total volume, while meaningful, is not existential for Bitcoin liquidity. The $11.75M converted into USDC represents a tactical adjustment rather than a complete exit.
Consequently, the trades reinforced short-term bearish momentum but also created opportunities for buyers. The compressed timing, coupled with large trade sizes, allowed other market players to anticipate liquidity points.
Bitcoin’s Reaction and Market Absorption
Following the WBTC sales, Bitcoin briefly dipped into the low $60Ks on February 6. This drop coincided with the heavy USDC conversions.
As a result, liquidity thinned, stop orders triggered, and weaker traders exited positions. Consequently, the session recorded an emotional low that reflected short-term fear.
However, Bitcoin quickly recovered to $65K and continued a controlled ascent. By evening, the price approached $70K, nearly erasing earlier losses.
Therefore, the market absorbed the $11.75M sell pressure without structural breakdown. This V-shaped rebound indicates strong buying interest.
Furthermore, the transaction demonstrates how tactical exits interact with market depth. Large holders rotated positions, yet equally serious buyers absorbed the coins efficiently.
Consequently, the market interpreted the Trump-linked sales as a liquidity event rather than a persistent sell-off.
As a result, Bitcoin’s quick rebound reinforced confidence in liquidity and market resilience. Finally, the WBTC sale highlights how high-profile players manage risk while maintaining market stability.
