[Whale suffers $21.68M loss due to BTC dip, liquidates 700 WBTC] Due to the recent deep correction in BTC, a whale who purchased 700 WBTC through a loop loan four months ago faced liquidation pressure on their borrowing position. Today, they cut their losses and liquidated, with a total loss of $21.68M. ◎ Between May and July, they used a loop loan method to borrow USDT from Aave and leveraged it to buy 700 WBTC, valued at $81.62M at the time, with an average price of $116,603. ◎ After BTC recently dipped to $80K, their position was nearing liquidation. Over the past two days, they transferred all 700 WBTC to Binance at a price of $85,628 and repaid the USDT loan. Bought at $116,603, sold at $85,628, resulting in a $21.68M loss. https://intel.(arkm.com)/explorer/address/0x3E3868F5e6Fd10亿2C20亿91b234436b46c0a50亿1140C --------------------------------------------------------- ｜Bitget VIP, lower fees, bigger perks