BTC leveraged long whales sell WBTC and ETH to repay loans before approaching liquidation line
According to ChainCatcher, on-chain analyst Ember (@EmberCN) has monitored that a whale who previously went long a total of 1,320 WBTC (approximately $132 million) through looped lending is now close to the liquidation line after the market downturn. To reduce risk, this whale sold about 465.4 WBTC and 2,686 ETH two hours ago, exchanging them for approximately $56.52 million USDC to repay part of the loan. The average selling price for WBTC was around $102,722, and for ETH was about $3,244.
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.
You may also like
Balancer releases incident report on exploit, caused by rounding error in batch swap logic
Citi: Crypto Weakness Stems from Slowing ETF Inflows and Weakened Risk Appetite
Citibank: Cryptocurrency weakness is due to slowing ETF inflows and reduced risk appetite
