A whale address that long ETH/BTC for a year liquidated its position in the fall this morning, losing $22.45 million
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According to the monitoring of Odaily data analyst @ai_9684xtpa, a whale address that has been long on the ETH/BTC exchange rate for a long time has sold 3,987 WETH (about 10.05 million US dollars) at an average price of 2,519 US dollars in the past 4 hours to exchange for WBTC to repay Aave loans, completely clearing out the position and ending a year-long "long exchange rate operation". Since 2024, the address has accumulated losses of more than 22.45 million US dollars due to long exchange rates. Previously, it chose to resist through flash loan when it was on the verge of liquidation.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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