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COINOTAG News reported on November 5 that on-chain analyst Yu Jin flagged a whale that opened a 1,320 WBTC long via a leveraged loan. The borrowed stake moved perilously close to the liquidation line as today’s price action weighed on the market, underscoring on-chain risk management in crypto markets.
To avert a forced exit, the trader sold 465.4 WBTC and 2,686 ETH about two hours ago, converting the proceeds into $56.52 million for repayment. The exits were executed at an average price of $102,722 per WBTC and $3,244 per ETH, illustrating disciplined deleveraging amid a volatile crypto backdrop.
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