[A Whale's $263 Million Position Near Liquidation, Unrealized Losses Reach $65.49 Million] BlockBeats News, November 18: According to monitoring by EmberCN, a whale that accumulated $263 million worth of WBTC and ETH through a looping loan strategy three months ago is now on the verge of liquidation. The whale began selling off assets today to reduce their position and lower the liquidation price, selling 1,316.8 ETH four hours ago in exchange for 4.017 million USDT to repay debt. The whale still has $146 million in USDT loans on Aave, with a health factor of only 1.05. If BTC and ETH drop another 5%, the position will be forcibly liquidated. The whale's cost basis for WBTC is $116,762, and for ETH, it is $4,415, resulting in unrealized losses of $65.49 million.