Whale Liquidates 742.8 WBTC, Losing $14.02M

A BTC whale using leveraged loop loans has been forced to liquidate, realizing a $14.02M loss: ◎ Over the past year, he leveraged 742.8 WBTC by collateralizing WBTC to borrow USDC and buying more WBTC, with an average cost of around $89,137. ◎ Just an hour ago, he liquidated all 742.8 WBTC via FalconX at $70,266, withdrawing 29.75M USDC to fully repay his loan on Aave. Wallet: https://intel.(arkm.com)/explorer/address/0xc9db4e8d3d940c16b800d433d168d2f651025642 ---------------------------------------------------- Bitget VIP: Lower fees, bigger perks! Instantly trade U.S. stocks!