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

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.