Whale Sells 300 WBTC at $97,053 to Repay Loan, Accumulates $39.15M Loss

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Whale activity intensified as a major holder sold 300 WBTC at $97,053 to repay a loan, incurring a $39.15M loss. The whale had bought 1,560 WBTC at $116,762 and 18,517 ETH at $4,415 in August 2025. Whale movement picked up in November as BTC prices dropped, with ETH and WBTC positions liquidated at steep losses. The whale still holds around 1,000 WBTC, valued at $96.81M.

Odaily Planet News: According to monitoring by crypto analyst Ember @EmberCN, a whale who previously bought WBTC and ETH at high prices using a leverage loan has, after Bitcoin broke above $97,000 today, once again sold 300 WBTC, obtaining approximately 29.11 million USDT to repay the loan. The selling price was around $97,053.

The whale has incurred a cumulative loss of approximately $39.15 million due to the "buying high and selling low" strategy. Specifically, in August 2025, it purchased 1,560 WBTC at a price of about $116,762 per coin (worth approximately $182 million in total) and bought 18,517 ETH at a price of about $4,415 per coin (worth approximately $81.75 million in total). However, the market subsequently declined, and the whale began to cut losses in November. So far, all ETH has been liquidated at a price of about $3,049, resulting in a loss of approximately $25.29 million. Additionally, 560 WBTC have been sold at a price of about $92,015, leading to a loss of approximately $13.86 million.

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

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.