Whale's Revolving Loan: Bought WBTC and ETH at Highs, Then Sold 300 WBTC to Repay Debt, Accumulating Losses of Approximately $39.15 Million

According to monitoring by crypto analyst EmberCN, the whale who previously purchased WBTC and ETH at high prices using a revolving loan method sold another 300 WBTC today after BTC broke through $97,000. The proceeds, approximately 29.11 million USDT, were used to repay the loan, with a selling price of around $97,053 per WBTC.

Due to the "buy high, sell low" strategy, this whale has accumulated realized losses of approximately $39.15 million. Specifically, in August 2025, the whale purchased 1,560 WBTC at a price of around $116,762 each (worth approximately $182 million) and bought 18,517 ETH at a price of around $4,415 each (worth approximately $81.75 million). Subsequently, as the market trended downward, the whale began cutting losses starting in November. Currently, all ETH holdings have been liquidated at an average price of around $3,049, resulting in a loss of approximately $25.29 million. Additionally, 560 WBTC have been sold at an average price of around $92,015, incurring a loss of approximately $13.86 million.

As of now, the address still holds approximately 1,000 WBTC, valued at around $96.81 million based on the current price.