The address that has been repeatedly going long on over $80 million worth of WBTC has reduced its position for the first time in six months, transferring 150 WBTC to an exchange three hours ago.
BlockBeats News, November 20, according to on-chain analyst Ai Aunt (@ai_9684xtpa), the address that has been leveraging over $80 million worth of WBTC through Aave looping has started to deleverage. This is the first time in six months that they have reduced their position.
Between May and July 2025, they cumulatively withdrew 700.19 WBTC (approximately $81.63 million) from a certain exchange, with an average long position price of $116,593. Three hours ago, they deposited 150 WBTC to a certain exchange for the first time; if sold, this would result in a loss of $3.734 million.
Currently, they are still collateralizing 550.2 WBTC on Aave and have borrowed $28.09 million in stablecoins, with a health factor of 1.4. Liquidation will be triggered if the price drops to $65,436.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Singapore medical service provider LYC Healthcare prices IPO at $4 per share, raising the offering size by 67% to $25 million
LYC Healthcare increased the proposed size of its upcoming IPO on Tuesday. The company now plans to offer 6.3 million shares at a proposed price of $4 per share, aiming to raise $25 million.
SK Hynix (SKHY.US) reaches agreement with labor union: profit-sharing bonus will be distributed as 50% cash + 50% stocks
SK Hynix (SKHY.US) has reached an agreement with the labor union to issue half of the profit-sharing bonus in cash.
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
