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A whale that hoarded WBTC and ETH at high prices through revolving loans suffered continuous losses and sold 350 BTC.

2025-11-28 00:12

According to Odaily Planet Daily, on the X platform, blockchain analyst Yu Jin stated that after a whale who hoarded WBTC and ETH at high prices through revolving loans sold off 18,517 ETH at a loss, resulting in a loss of 25.29 million, WBTC is also being sold off at a loss.

Over the past week, he sold 350 WBTC at an average price of $87,732, converting them into 30.7 million USDT. His cost price for WBTC was $116,762, resulting in a loss of $10.16 million from this sale. He currently holds 1,210 WBTC, with a paper loss of $30.9 million.

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