The revolving loan giant whale sold 400 WBTCs to repay loans, resulting in a cumulative loss of over 51 million US dollars

On chain analysis shows that a whale who bought $263 million worth of WBTC and ETH at a high level through a revolving loan sold 400 WBTCs at a price of $86694 after BTC fell to $86000, in exchange for 34.67 million USDT to repay the loan. As of now, the giant whale has accumulated a loss of $51.17 million due to buying at high levels and selling at low levels. Specifically, the 18517 ETH (81.75 million US dollars) it purchased for $4415 has been liquidated at an average price of $3049, resulting in a loss of $25.29 million; The 1560 WBTCs (182 million US dollars) purchased for 116762 US dollars have been sold for 960 at an average price of 89798 US dollars, resulting in a loss of 25.88 million US dollars.