A cryptocurrency whale has closed a leveraged long position in Bitcoin, incurring a loss of $14.02 million. The whale had utilized a revolving loan strategy, borrowing USDC against collateralized WBTC to purchase additional WBTC, amassing 742.8 WBTC at an average cost of $89,137. The position was liquidated one hour ago, with the whale selling all 742.8 WBTC through FalconX at $70,266 each, and repaying $29.75 million in USDC to settle their Aave loan.