TechFlow news: On March 20, on-chain analyst Yu Jin (@EmberCN) reported that over the past year, a whale address leveraged long exposure to WBTC by repeatedly borrowing USDC against WBTC collateral and using the borrowed funds to buy more WBTC. This strategy resulted in a total position of 742.8 WBTC, with an average entry price of approximately $89,137. Today, the whale liquidated its entire position via FalconX at $70,266, withdrew $29.75 million in USDC, and repaid its Aave loan—recording a loss of approximately $14.02 million.
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