Holdings worth $263 million in WBTC and ETH, a whale today experienced significant losses after BTC reached the $97,000 mark. This whale sold 300 WBTC at a price of $97,053 to obtain 29.11 million USDT to repay a loan. Unfortunately, this transaction is just a reflection of the whale's ongoing losses. According to on-chain data, the whale had already started positioning as early as August 2025, when it bought 1,560 WBTC at a price of $116,762 (totaling $182 million). Now, selling from the high of $97,053 and buying low, the reverse operation has resulted in a total loss of $39.15 million. This story of "buying high and selling low" once again reminds market participants: even institutional players with large capital are not always able to execute all operations as planned at market turning points.