BTC Dips Below $100K as Whale’s Compound-Backed WBTC Long Is Liquidated for $6.67 Million

BTC

BTC/USDT

$65,707.93

+0.32%

$65,707.93

+0.32%

(24s)

24h Volume

$23,298,561,101.23

24h H/L

$66,025.52 / $63,030.00

Change: $2,995.52 (4.75%)

Long/Short

70.9%

Long: 70.9%Short: 29.1%

Funding Rate

-0.0012%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,274.58

▼ -0.91%

Volume (24h): -

Resistance Levels

Resistance 3$70,602.61

Resistance 2$68,166.32

Resistance 1$65,872.10

Price$65,274.58

Support 1$64,283.09

Support 2$62,510.28

Support 3$60,000.00

Pivot (PP):$64,776.70

Trend:Downtrend

RSI (14):37.3

COINOTAG News, citing PeckShield, reported on November 14 that BTC fell below the $100,000 threshold, triggering a liquidation of a long WBTC position on Compound. The whale, identified by the masked wallet 0xceef…ba42, collateralized WBTC and borrowed against it, setting the stage for a notable margin unwind.

According to the same briefing, the WBTC collateral backed borrowings in USDT and DAI, culminating in a liquidation tally of approximately $6.67 million. The episode highlights ongoing risk management considerations for DeFi lenders and cross-chain liquidity amid BTC price swings.

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