Whale Margin-Called: 18,517 ETH Liquidated and 350 WBTC Sold as WBTC Position Carries $30.9M Unrealized Loss
ETH/USDT
$6,206,664,490.61
$2,046.60 / $1,979.99
Change: $66.61 (3.36%)
-0.0003%
Shorts pay
COINOTAG News, November 28, citing Ashes Monitor, details a large whale that had built a leveraged stake in WBTC and ETH. The entity was liquidated on 18,517 ETH, incurring a $25.29 million loss after a margin call, and is now steadily reducing its WBTC exposure.
Over the past week, the address exited 350 WBTC at an average price of $87,732, converting to about $30.7 million in USDT, with a cost basis near $116,762 per WBTC.
The liquidated tranche of WBTC contributed roughly $10.16 million in losses, underscoring the mark-to-market impact of the position unwind.
Currently, the whale still holds 1,210 WBTC, with an unrealized loss approaching $30.9 million as market values shift; risk management signals remain a focus for observers watching this address.