PANews reported on November 20 that, according to on-chain analyst @ai_9684xtpa, an address that had been holding over $80 million worth of WBTC long positions through the Aave cycle has begun to unleverage, marking its first reduction in holdings in six months.

Between May and July 2025, he withdrew a total of 700.19 WBTC (approximately $81.63 million) from Binance, with an average long position price of $116,593. Three hours ago, he deposited 150 WBTC into Binance for the first time, and if he sells them, he will lose $3.734 million.

He is currently pledging 550.2 WBTC on Aave to borrow $28.09 million in stablecoins. His health is 1.4, and a drop to $65,436 would trigger liquidation.