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「Highly Leveraged WBTC and ETH Whale」 Engaged in Loan Default by Dumping 9,516.8 ETH

2025.11.19 10:56:17

On November 19th, as monitored by on-chain analyst Yu Jin, the "Whale Accumulating WBTC and ETH in a Flash Loan-based Circular Loan Manner" reduced its positions from yesterday to early this morning. It sold 9,516.8 ETH to repay 29.36 million USDT, with an average selling price of $3,085. Its debt on Aave decreased from $150 million to $121 million, and the health factor of the position on the verge of liquidation increased from 1.04 to 1.12, temporarily averting danger. The collateral still consists of 1,560 WBTC ($144 million) and 9,000 ETH ($28.04 million). It should be noted that a health factor of 1.12 is not considered safe. If BTC and ETH continue to decline, it will need to keep selling to reduce its position.
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