BlockBeats news: On January 15, according to monitoring by EmberCN, a whale who had previously purchased $263 million worth of WBTC and ETH using leveraged loans at high prices sold 300 WBTC today after BTC broke above $97,000, converting it into 29.11 million USDT to repay the loan. The selling price was $97,053.
He has already realized a loss of $3.915 million by buying high and selling low:
- In August 2025, purchased 1,560 WBTC at a price of $116,762 (approximately $182 million in value) and 18,517 ETH at a price of $4,415 (approximately $81.75 million in value).
· After the market declined, he started selling his positions in November. So far, he has sold all his ETH at $3,049, realizing a loss of $2.529 million; he has also sold 560 WBTC at $92,015, realizing a loss of $1.386 million.
· Also holds 1,000 WBTC (worth approximately $9.681 million).
Crypto Whale Cuts 300 WBTC to Repay Loan, Suffers Over $39M Loss
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Summary
Whale activity intensified on January 15, 2026, as a major crypto whale sold 300 WBTC at $97,053 each to repay a leveraged loan, converting the proceeds into 29.11 million USDT. The whale had previously bought 1,560 WBTC and 18,517 ETH at high prices. Whale movement has left the trader with over $39 million in losses, including a $25.29 million loss from ETH and a $13.86 million loss from 560 WBTC. The whale still holds 1,000 WBTC valued at around $96.81 million.
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