A major whale in the lending loop liquidated 700 WBTC at a loss of $21.68 million

BlockBeats News, November 22, according to Ember monitoring, as bitcoin recently experienced a deep correction, a whale who purchased 700 WBTC through a looping loan four months ago saw their lending position approach liquidation. Today, the whale has capitulated and closed out the position, incurring a loss as high as $21.68 million.