A whale that hoarded WBTC and ETH at high prices through revolving loans sold off 18,517 ETH at a loss in two days.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, a whale that had been hoarding WBTC and ETH at high prices through revolving loans sold off 18,517 ETH (US$56.45 million) in two days to avoid liquidation, incurring a loss of US$25.29 million. After selling off the ETH, the remaining 1,560 WBTC also suffered significant unrealized losses: with a cost price of US$116,762, the unrealized loss is US$41.12 million.