Name: Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment
Uploaded: 2022-07-27T19:41:34.000Z
Duration: 1 min
Description: Glassnode data shows the number of wrapped bitcoin (WBTC) declined to around 236,000, the lowest level since bitcoin (BTC) hit all-time highs in late 2021. According to Arcane Research, the drop could be related to Celsius repaying a WBTC loan as the troubled lender filed for bankruptcy. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

CD20$2,046.682.65%BTC$73,966.510.95%ETH$2,025.730.86%XRP$1.352.47%SOL$82.911.20%

Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment | CoinDesk Videos

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CD20$2,046.682.65%BTC$73,966.510.95%ETH$2,025.730.86%XRP$1.352.47%SOL$82.911.20%

Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment | CoinDesk Videos