A cryptocurrency whale has sold 175 Wrapped Bitcoin (WBTC) within five hours, converting it into 16.18 million USDC to repay a leveraged position. This move comes after the whale, who initially held 1,320 WBTC through leveraged loans, faced potential liquidation when Bitcoin's price fell to $100,000 on November 5. Over the past 15 days, the whale has offloaded a total of 725.8 WBTC for 71.81 million USDC, averaging a sale price of $98,939 per WBTC. The address still retains 618.2 WBTC, valued at approximately $57 million.
Whale Sells 175 WBTC to Repay Leverage, Avoids Liquidation
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