A major whale sold 18,517 ETH at a loss of $25.29 million to avoid liquidation.
According to Jinse Finance, on-chain analyst Yujin has monitored that a whale who accumulated WBTC and ETH at high prices through revolving loans has sold off 18,517 ETH, worth approximately $56.45 million, within two days to avoid liquidation, realizing a loss of $25.29 million. After liquidating ETH, the whale still holds 1,560 WBTC at a cost price of $116,762 each, currently facing an unrealized loss of $41.12 million.
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