【Blockchain Rhythm】There is some interesting on-chain data today.
The whale who was cycling through WBTC started to withdraw. Address 0x931…3c721 has been continuously selling off over the past three hours, clearing 150 BTC at an average price of $92,276, and the $13.84 million received was directly used to repay Aave. This round of operations resulted in a loss of $75,000.
Looking back at the records, this guy started to build up his position in April this year, initially accumulating 340.2 WBTC when the price was $92,777, investing a total of $31.56 million. Currently, there are still 225 WBTC held in Aave, with a debt of $8.74 million, and a health factor of 1.85 — honestly, this number isn’t too dangerous, but market fluctuations could be risky.
The large holder is reducing his position, possibly sensing something.
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RugResistant
· 12h ago
Hmm... a health score of 1.85 and still need to repay the loan. This guy really can't hold on anymore.
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LadderToolGuy
· 12h ago
150 BTC was drained in just three hours. This guy is really scared now.
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LonelyAnchorman
· 12h ago
Haha, this guy still backed down, leverage players are all like this
Wait, with a health score of 1.85, still dare to continue squeezing? Truly brave
In my opinion, large traders reducing positions is a market indicator, being ahead is the smart move
Losing $75,000 USD, this is considered small, the main issue is mental breakdown
I don't understand this operation, if the market dips, he's doomed
The final outcome of cycle long positions is usually like this, greed changes fate
But to be honest, there are still 225 WBTC being squeezed, this is the real trap
Big traders are also backing down, indicating there are indeed some issues
The whale repeatedly long WBTC and starts reducing positions: sells 150 BTC in three hours to repay loans
【Blockchain Rhythm】There is some interesting on-chain data today.
The whale who was cycling through WBTC started to withdraw. Address 0x931…3c721 has been continuously selling off over the past three hours, clearing 150 BTC at an average price of $92,276, and the $13.84 million received was directly used to repay Aave. This round of operations resulted in a loss of $75,000.
Looking back at the records, this guy started to build up his position in April this year, initially accumulating 340.2 WBTC when the price was $92,777, investing a total of $31.56 million. Currently, there are still 225 WBTC held in Aave, with a debt of $8.74 million, and a health factor of 1.85 — honestly, this number isn’t too dangerous, but market fluctuations could be risky.
The large holder is reducing his position, possibly sensing something.