TechFlow news, November 28 — According to on-chain analyst EmberCN (@EmberCN), a whale that previously accumulated WBTC and ETH at high prices through flash loans continues to liquidate positions at a loss.
Over the past week, this whale sold 350 WBTC at an average price of $87,732, receiving 30.7 million USDT. Given their cost basis of $116,762 per WBTC, this sale resulted in a loss of $10.16 million.
The whale still holds 1,210 WBTC, currently facing an unrealized loss of $30.9 million.
Previously, this whale already liquidated 18,517 ETH at a realized loss of $25.29 million.
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