Data: A certain whale with a position of 263 million is on the verge of liquidation and has been forced to sell 1,316.8 ETH

According to analyst Yu Jin's monitoring, a whale investor who has accumulated a large amount of crypto assets through circular loans is facing severe liquidation risks. On-chain data shows that this investor has accumulated $263 million worth of WBTC and ETH in the past three months, but the recent continuous market decline has pushed their positions to the brink of liquidation.

To avoid being forcibly liquidated, the investor has recently been forced to sell 1,316.8 ETH for 4.017 million USDT to repay part of their debt. Nevertheless, they still have up to $146 million in USDT loans on the Aave platform, with a health ratio of only 1.05. Data shows that the whale's cost for crypto assets is quite high: WBTC average price is $116,762, and ETH average price is $4,415, currently resulting in an unrealized loss of about $65.49 million. If Bitcoin and Ethereum drop another 5%, their positions will face forced liquidation, and collateral will be partially sold to repay the debt.