According to on-chain analyst Ember (@EmberCN), a whale address leveraged long positions in WBTC over the past year by collateralizing WBTC to borrow USDC, then recycling the funds to buy more WBTC, accumulating a total holding of 742.8 WBTC at an average cost of approximately $89,137. Today, the whale liquidated the entire position via FalconX at $70,266, repaid the Aave loan with $29.75 million in USDC, and incurred a loss of approximately $14.02 million.
Whale Liquidates Leveraged WBTC Position, Suffers $14.02M Loss
TechFlowShare
Summary
On March 20, 2026, whale activity trading saw a major leveraged WBTC position liquidated, resulting in a $14.02 million loss. The whale employed position trading strategies, collateralizing WBTC on Aave to borrow 29.75 million USDC and repurchase 742.8 WBTC at an average cost of $89,137. The position was closed via FalconX at $70,266, triggering loan repayment and a significant drawdown.
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