Deep Tide TechFlow News: On March 20, according to monitoring by on-chain analyst Ember (@EmberCN), a whale address has been leveraging long over the past year by collateralizing WBTC to borrow USDC and cyclically buying WBTC, accumulating a total position of 742.8 WBTC with an average cost of approximately $89,137. Today, the whale liquidated its entire position through FalconX at a price of $70,266, withdrew $29.75 million USDC, and repaid Aave loans, realizing a loss of approximately $14.02 million from this operation.
Deep Tide TechFlow News: On March 20, according to monitoring by on-chain analyst Ember (@EmberCN), a whale address has been leveraging long over the past year by collateralizing WBTC to borrow USDC and cyclically buying WBTC, accumulating a total position of 742.8 WBTC with an average cost of approximately $89,137. Today, the whale liquidated its entire position through FalconX at a price of $70,266, withdrew $29.75 million USDC, and repaid Aave loans, realizing a loss of approximately $14.02 million from this operation.