["'Whale Who Bought WBTC and ETH at High Prices Using Circular Loans' Continues to Sell Off 400 WBTC to Repay Debt"] According to on-chain analyst Yu Jin, the "whale who bought $263 million worth of WBTC and ETH at high prices using circular loans" continued to sell off 400 WBTC today after BTC dropped to $86,000, converting them into 34.67 million USDT for repayment. The selling price was $86,694. Due to buying at high prices and selling at low prices, the whale has already realized a massive loss of $51.17 million: - Purchased 18,517 ETH at $4,415 each (totaling $81.75 million) and has now fully liquidated them at an average price of $3,049, realizing a loss of $25.29 million. - Purchased 1,560 WBTC at $116,762 each (totaling $182 million) and has now sold 960 of them at an average price of $89,798, realizing a loss of $25.88 million.