A major whale sold 18,517 ETH at a loss of $25.29 million to avoid liquidation.
According to ChainCatcher, on-chain analyst Ember (@EmberCN) monitored that a whale who accumulated WBTC and ETH at high prices through cyclic lending has, in order to avoid liquidation, sold off 18,517 ETH within two days, worth approximately $56.45 million, realizing a loss of $25.29 million.
After liquidating ETH, the whale still holds 1,560 WBTC at a cost of $116,762 each, currently facing an unrealized loss of $41.12 million.
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.
You may also like
An address spent $40,000 to "snipe" the opening of the jesse token and made a profit of about $1 million.
Japanese and South Korean stock markets follow US tech stocks lower, Nikkei 225 Index drops over 2%
Federal Reserve's Paulson: Rate cuts are appropriate but set a higher threshold
