A major whale sold 18,517 ETH at a loss of $25.29 million to avoid liquidation.
According to ChainCatcher, on-chain analyst Ember (@EmberCN) monitored that a whale who accumulated WBTC and ETH at high prices through cyclic lending has, in order to avoid liquidation, sold off 18,517 ETH within two days, worth approximately $56.45 million, realizing a loss of $25.29 million.
After liquidating ETH, the whale still holds 1,560 WBTC at a cost of $116,762 each, currently facing an unrealized loss of $41.12 million.
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