WBTC Whale Avoids Liquidation by Selling 465.4 WBTC and 2,686 ETH to Repay $56.52 Million

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

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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