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Whale Engages in High-Risk Borrowing to Buy WBTC and ETH, Sells 300 WBTC to Repay Loan, Accumulating Losses of Approximately $39.15 Million
Summary: According to crypto analyst EmberCN, a whale who previously bought WBTC and ETH at high prices through borrowing, sold 300 WBTC today after BTC surpassed $97,000, receiving approximately $29.11 million USDT to repay the loan at a selling price of around $97,053. Due to the strategy of buying high and selling low, the whale has ...
According to crypto analyst EmberCN, a whale who previously bought WBTC and ETH at high prices through borrowing, sold 300 WBTC today after BTC surpassed $97,000, receiving approximately $29.11 million USDT to repay the loan at a selling price of around $97,053.
Due to the strategy of buying high and selling low, the whale has accumulated losses of approximately $39.15 million. In August 2025, the whale bought 1560 WBTC at around $116,762 each (worth approximately $182 million) and 18,517 ETH at around $4415 each (worth approximately $81.75 million). As the market declined, the whale began to cut losses in November, selling all ETH at around $3049 each, resulting in a loss of approximately $25.29 million; and selling 560 WBTC at around $92,015 each, resulting in a loss of approximately $13.86 million.
Currently, the address still holds around 1000 WBTC, valued at approximately $96.81 million at the current price.
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Link: Whale Engages in High-Risk Borrowing to Buy WBTC and ETH, Sells 300 WBTC to Repay Loan, Accumulating Losses of Approximately $39.15 Million [Copy]
