According to on-chain analysis by Wu Jinyu, a whale employing a leveraged loan strategy to dodge liquidation has sold 18,517 ETH in the past two days, totaling about $56.45 million and realizing an approximate $25.29 million loss. The move highlights active risk management in today’s crypto markets and reflects ongoing liquidity considerations in the Bitcoin and broader digital asset space.

Meanwhile, the same holder’s remaining 1,560 WBTC is perched in unrealized losses, with a cost basis near $116,762 per WBTC, implying an aggregate unrealized loss of roughly $41.12 million as of this report.