PANews reported on March 20 that, according to on-chain analyst Yu Jin, a whale who had been using "revolving loans to go long on BTC" cut its losses and liquidated its positions, incurring a loss of $14.02 million.
- Over the past year, he leveraged his position by borrowing USDC to buy more WBTC through a revolving loan, accumulating 742.8 WBTC at an average cost of approximately $89,137.
- Today, an hour ago, he sold all 742.8 WBTC through FalconX for $70,266, withdrawing 29.75 million USDC to pay off his loan on Aave.
