Data: A major whale in the loop lending market liquidated and sold off 700 WBTC at a loss of $21.68 million
ChainCatcher News, according to on-chain analyst Yu Jin's monitoring, as bitcoin has recently experienced a deep correction, a whale who purchased 700 WBTC through a looping loan strategy four months ago saw their lending position approach liquidation. Today, the whale has capitulated and fully closed the position, incurring a loss of up to 21.68 million USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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