Whale Sells 18,517 ETH Over Two Days to Avoid Liquidation, Taking $25.29M Loss

A whale who accumulated WBTC and ETH at elevated prices through a leveraged循环贷 strategy sold 18,517 ETH worth $56.45 million over the past two days to avoid liquidation, realizing a $25.29 million loss, on-chain analyst Yu Jin reported on November 20. After liquidating the ETH position, the whale still holds 1,560 WBTC with a cost basis of $116,762 per token, facing an unrealized loss of $41.12 million.