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

BTC

BTC/USDT

$66,969.90

+1.49%

$66,969.90

+1.49%

(24s)

24h Volume

$5,893,102,060.79

24h H/L

$67,284.00 / $65,766.10

Change: $1,517.90 (2.31%)

Long/Short

71.0%

Long: 71.0%Short: 29.0%

Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$66,885.03

▲ 0.72%

Volume (24h): -

Resistance Levels

Resistance 3$74,458.01

Resistance 2$69,708.76

Resistance 1$68,058.24

Price$66,885.03

Support 1$66,155.21

Support 2$64,323.39

Support 3$60,000.00

Pivot (PP):$66,702.02

Trend:Downtrend

RSI (14):42.4

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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