Based on TechFlow, on November 20, a whale previously long 1,320 WBTC via leveraged loans sold 175 WBTC in 5 hours, swapping for 16.18 million USDC to liquidate its leveraged position. The whale had approached liquidation levels when BTC dropped to $100,000 on November 5 and began reducing exposure. Over the past 15 days, the address has sold 725.8 WBTC for 71.81 million USDC, at an average price of $98,939. The address still holds 618.2 WBTC, valued at around $57 million.
Whale Sells 175 WBTC in 5 Hours, Repays Leverage Position
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