PANews January 26 News, according to on-chain analyst Yu Jin monitoring, “whales who bought $263 million worth of WBTC and ETH at high prices through revolving credit” continued to cut losses and sell 400 WBTC to exchange for 34.67 million USDT after BTC dropped to $86,000 today, with a selling price of $86,694.
He has already realized a huge loss of $51.17 million from buying high and cutting low:
18517 ETH bought at $4415 each (worth $81.75 million) has been fully liquidated at an average price of $3049, realizing a loss of $25.29 million;
1560 WBTC bought at $116762 each (worth $182 million) has been sold at an average price of $89798, with 960 WBTC sold, realizing a loss of $25.88 million.
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