Whale Sells WBTC at a Loss to Repay Debts, Suffers $39 Million Loss

According to monitoring, the whale purchased WBTC and ETH worth $263 million at high prices using a revolving loan. With BTC recently breaking above $97,000, the whale sold 300 WBTC at $97,053 each to raise $29.11 million in USDT for debt repayment.

Breakdown of Losses

• In August of the 25th year, he bought 1,560 WBTC at $116,762 each (worth around $182 million) and 18,517 ETH at $4,415 each (worth around $817.5 million).
• After the market downturn, he began selling in November. His ETH holdings were fully liquidated at $3,049 each, resulting in a $25.29 million loss.
• He had previously sold 560 WBTC at $92,015 each, incurring a $13.86 million loss.

He still holds 1,000 WBTC (worth around $96.81 million), but overall losses have already reached $39.15 million.