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A certain DeFi lending protocol whale continues to offload 350 WBTC, incurring a $10.16 million loss
BlockBeats News, November 28th, according to Ashes Monitor, a whale that had been accumulating WBTC and ETH in a leverage manner recently liquidated 18,517 ETH at a loss of $25.29 million after being margin called, and is now gradually reducing its WBTC position.
Over the past week, it sold 350 WBTC at an average price of $87,732, exchanged for 30.7 million USDT, with a cost average of $116,762. The part of WBTC that was liquidated resulted in a loss of $10.16 million.
The whale still holds 1,210 WBTC, which is currently at an unrealized loss of $30.9 million.
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