Bitcoin Dips Below $101K as Aave Flash-Loan WBTC Long Is Liquidated for $31.47M

COINOTAG News, citing PeckShield, reported that Bitcoin traded below $101,000 on November 5, signaling renewed volatility and tighter liquidity across the crypto market. The move prompted traders to monitor on-chain risk metrics and liquidity dynamics shaping DeFi activity.

PeckShield documented a leveraged WBTC long funded via an Aave flash loan, associated with the address 0x94de…940a. The borrower deposited WBTC to secure a USDT flash loan, with the resulting position liquidated for approximately $31.47 million, underscoring the risk-reward profile of short-term leverage in DeFi markets.