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

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.