3-hour sell-off of $13.84 million BTC: Large cyclical traders are beginning to actively de-leverage

2025-12-12 02:50:19

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【Chain News】Interesting activity has appeared on the chain — a major holder heavily invested in WBTC has started to proactively reduce leverage.

Address 0x931…3c721 has been very active in the past 3 hours: sold 150 BTC at an average price of $92,276, cashing out $13.84 million and directly using it to repay Aave debt. This operation resulted in a small loss of $75,000. Looking back at the records, this address has been building a position near $92,777 since April this year, accumulating 340.2 WBTC with an investment of $31.56 million to go long.

What’s the current situation? There are still 225.07 WBTC locked in Aave, borrowed out $8.74 million, with a health factor of 1.85. Judging by the trend, it’s either an active stop-loss to control risk or preparing for larger market fluctuations. At this market level, big players are starting to withdraw.

BTC-2.41%

WBTC-2.38%

AAVE-5.43%

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not_your_keys

· 9h ago

Large traders actively cut positions; this signal is too obvious. --- Losing 75,000 still reducing leverage? They are indeed scared. --- 225 BTC are still being held down; now that's real panic. --- Health coefficient 1.85, liquidation is just a moment away. --- Since building the position in April, they've finally chickened out. --- It's either stop-loss or crashing the market; there’s no good show. --- Three hours of selling for 13.84 million; how scared must they be? --- They even borrowed 8.74 million; this is the last struggle before liquidation. --- Big traders have stopped, but retail investors are still rushing? What's their thinking? --- 92,276 have cashed out; feels like they didn't buy in fully.

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SleepyValidator

· 20h ago

Oops, big traders are starting to run away. Is this a sign of rain coming? Unbelievable, losing less than 30 million after a big investment. I can't learn this mindset. Wait, there are still 225 tokens locked in Aave? This brother never really intended to completely run away. Health coefficient 1.85... Hmm, still can add leverage, so why reduce? Something's fishy. A small loss of 75,000 and rushing to cut losses and pay debts. Isn't this preparing for something? Have the big traders all stopped? Then retail investors like us are still here compounding, haha. Sold at 92,276, built up at 92,777 in April. This operation rhythm seems a bit off.

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GasFeeWhisperer