PANews reported on November 5th that, according to Ember, a whale holding 1,320 WBTC (approximately $1.32 billion) through a revolving loan position was nearing liquidation due to today's price drop. Two hours ago, it sold 465.4 WBTC and 2,686 ETH, obtaining $56.52 million to repay its loan; the average selling price for WBTC was $102,722, and the average selling price for ETH was $3,244.
A whale's revolving loan position is nearing liquidation, prompting it to sell WBTC and ETH to repay its debts.
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