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"Whale hoarding WBTC and ETH in a circular loan manner" has cut loss and closed all positions of 18,517 ETH in the past two days to avoid liquidation.
On November 20, according to on-chain analyst Yu Jin's monitoring, “Whales accumulating WBTC and ETH at high levels through revolving loans” have avoided liquidation by closing all positions on 18,517 ETH in the past two days, incurring a loss of 25.29 million USD. After closing positions on ETH, they still hold 1,560 WBTC, which also has significant unrealized losses: cost price 116,762 USD, unrealized losses of 4.112 million USD.