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.
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