On-Chain Whale Sells $56.5M in WBTC and ETH to Repay Loan

On November 5, an on-chain analyst reported a whale holding 1,320 WBTC via leveraged loans was close to liquidation. The whale sold 465.4 WBTC at $102,722 each and 2,686 ETH at $3,244 each, generating $56.52 million to repay outstanding debt amid falling crypto prices.

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