"Using a cycle loan to buy WBTC and ETH at high levels, the whale continues to cut losses by selling 400 WBTC to repay the loan."

WBTC-2,02%
ETH-2,4%
BTC-1,74%

PANews January 26 News, according to on-chain analyst Yu Jin monitoring, “whales who bought $263 million worth of WBTC and ETH at high prices through revolving credit” continued to cut losses and sell 400 WBTC to exchange for 34.67 million USDT after BTC dropped to $86,000 today, with a selling price of $86,694. He has already realized a huge loss of $51.17 million from buying high and cutting low:

18517 ETH bought at $4415 each (worth $81.75 million) has been fully liquidated at an average price of $3049, realizing a loss of $25.29 million; 1560 WBTC bought at $116762 each (worth $182 million) has been sold at an average price of $89798, with 960 WBTC sold, realizing a loss of $25.88 million.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ethereum to Integrate ERC-5564 in Push for Privacy - U.Today

The Ethereum network is introducing stealth addresses through ERC-5564 to enhance wallet privacy, allowing users to receive anonymous payments and keep their transaction history confidential. However, challenges like gas fee requirements and potential spam risks remain.

UToday43m ago

U.S. Spot Bitcoin and Ethereum ETFs Post Outflows, Solana ETFs See Inflows

U.S.-based Bitcoin and Ethereum ETFs experienced significant outflows totaling $175.1 million, primarily driven by BlackRock funds. In contrast, Solana ETFs saw small inflows, while XRP ETFs continued to see withdrawals.

TheNewsCrypto1h ago

Morgan Stanley increased its exposure to Bitmine holdings last quarter

Despite the overall decline in the crypto market, the largest shareholders of Bitmine Immersion Technologies, Morgan Stanley and ARK Investment Management, increased their holdings in Q4 2025, with market values reaching $331 million and $256 million respectively.

GateNewsBot2h ago

Resigned after 11 months in office, why did a core member of the Ethereum Foundation leave again?

Author: bootly, Bitpush News The Ethereum Foundation (EF) is once again at a crossroads of personnel upheaval. Tomasz Stańczak, Co-CEO of the Ethereum Foundation, announced that he will step down at the end of this month. This is just before he and Hsiao-Wei

区块客2h ago

Data: If ETH breaks through $2,062, the total liquidation strength of long positions on mainstream CEXs will reach $858 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks above $2,062, the total liquidation strength of long positions on major CEXs will reach $858 million. Conversely, if ETH drops below $1,868, the total liquidation strength of short positions on major CEXs will reach $603 million.

GateNewsBot2h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)