The "whale" who accumulated large amounts of WBTC and ETH through revolving loans sold off 18,517 ETH in the past two days to avoid liquidation.
BlockBeats News, November 20, according to on-chain analyst Yujin's monitoring, the "whale who accumulated large amounts of WBTC and ETH at high prices through circular lending" sold off and liquidated 18,517 ETH (56.45 million USD) in the past two days to avoid liquidation, realizing a loss of 25.29 million USD.
After liquidating ETH, the remaining 1,560 WBTC held are also experiencing significant unrealized losses: the cost price is 116,762 USD, with an unrealized loss of 41.12 million USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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