PANews reported on December 12th that, according to on-chain analyst @ai_9684xtpa, a whale that had been cyclically going long on WBTC has begun to unleverage. Address 0x931…3c721 sold 150 BTC ($13.84 million) on-chain at an average price of $92,276 over the past 3 hours to repay a loan from Aave, incurring a loss of $75,000. Since April 2025, he had been going long on WBTC, buying 340.2 BTC at $92,777.36 ($31.56 million). He currently has 225.07 WBTC pledged in Aave with a loan of $8.74 million, and a health score of 1.85.