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

BTC

BTC/USDT

$75,396.16

+4.08%

$75,396.16

+4.08%

(24s)

24h Volume

$34,057,419,982.02

24h H/L

$76,000.00 / $72,419.28

Change: $3,580.72 (4.94%)

Long/Short

48.3%

Long: 48.3%Short: 51.7%

Funding Rate

+0.0041%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$75,396.16

▲ 0.68%

Volume (24h): -

Resistance Levels

Resistance 3$83,437.33

Resistance 2$78,962.25

Resistance 1$76,029.69

Price$75,396.16

Support 1$74,580.36

Support 2$70,920.82

Support 3$68,115.84

Pivot (PP):$75,336.78

Trend:Sideways

RSI (14):63.0

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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