A massive long position in WBTC was liquidated, resulting in a total liquidation of $31.47 million.
2025-11-05 02:41
According to Odaily Planet Daily, as BTC fell below $101,000 today, a whale (address: 0x94de...940a) that used Aave for cyclical borrowing to increase its position has been liquidated.
This address had previously leveraged its long positions by repeatedly staking WBTC to borrow USDT, but the liquidation mechanism was triggered during the price drop, resulting in a total liquidation amount of approximately $31.47 million.
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