The whale who previously bought WBTC and ETH at high prices through looped lending continues to sell off, offloading 400 WBTC to repay loans.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
PANews reported on January 26 that, according to on-chain analyst Ember, the "whale who bought $263 million worth of WBTC and ETH at high prices using a revolving loan" continued to cut losses today after BTC dropped to $86,000, selling 400 WBTC for 34.67 million USDT to repay loans, with a selling price of $86,694.
Due to buying at high prices and selling at low prices, this whale has already realized a massive loss of $51.17 million:
- 18,517 ETH bought at $4,415 each (totaling $81.75 million) have all been sold at an average price of $3,049, resulting in a loss of $25.29 million;
- 1,560 WBTC bought at $116,762 each (totaling $182 million) have had 960 WBTC sold at an average price of $89,798, resulting in a loss of $25.88 million.
0
0
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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like

Crypto prices
MoreBitcoin
BTC
$83,227.65
-1.59%
Ethereum
ETH
$2,654.77
-2.01%
Tether USDt
USDT
$0.9997
-0.00%
BNB
BNB
$766.16
-1.02%
XRP
XRP
$1.49
-2.30%
USDC
USDC
$1.0000
+0.02%
Solana
SOL
$119.3
-1.73%
TRON
TRX
$0.3336
+0.11%
Zcash
ZEC
$1,555.01
-6.29%
Hyperliquid
HYPE
$89.1
-4.30%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now