according to Ember Monitoring, with the recent deep correction of Bitcoin, a whale who purchased 700 WBTC through a loop loan four months ago is approaching liquidation of their loan position. Today, they have cut their losses and closed the position, with a loss amounting to as much as 21.68 million USD.
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A major revolving loan whale liquidated its entire position of 700 WBTC, incurring a loss of $21.68 million.
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