A whale who purchased 700 WBTC four months ago through a revolving loan has liquidated his position at a loss, incurring a staggering $21.68 million.

PANews reported on November 22 that, according to on-chain analyst Yu Jin, due to the recent deep correction in BTC, a whale's lending position that purchased 700 WBTC four months ago through a revolving loan is nearing liquidation. He cut his losses and liquidated his position today, with a loss of up to $21.68 million.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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