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A certain lending cycle Whale continues to reduce position by 350 WBTC, incurring a loss of 10.16 million USD.
On November 28, according to Yu Jin monitoring, a certain Whale that accumulated WBTC and ETH at high levels through circular lending, closed all positions by cutting loss 18,517 ETH with a loss of 25.29 million USD, is gradually reducing its position in WBTC. In the past week, it cut loss and sold 350 WBTC at an average price of 87,732 USD, exchanging for 30.7 million USDT, with a cost average of 116,762 USD, resulting in a loss of 10.16 million USD for the cut loss part of WBTC. The Whale still holds 1,210 WBTC, which has unrealized losses of 30.9 million USD.