WBTC Deleveraging: Aave Flash-Loan Whale Cuts $80M Long as Price Nears $65,436 Liquidation Threshold

COINOTAG News reports that, as of November 20, on-chain analyst Ai Auntie (@ai_9684xtpa) notes an address that used Aave‘s flash loan to long more than WBTC worth over $80 million has begun deleveraging. This marks its first reduction in six months.

From May through July 2025, the entity withdrew 700.19 WBTC from Binance, totaling around $81.63 million, at an average long entry of $116,593 per WBTC. Three hours ago, it deposited 150 WBTC back to Binance, signaling a potential $3.734 million unrealized loss if liquidated.

Currently, the position holds 550.2 WBTC deposited in Aave, with a debt of $28.09 million in stablecoins and a health factor of 1.4. A WBTC price decline to $65,436 would trigger liquidation, highlighting elevated risk in this leveraged setup.