Data: A whale address that has been long on the ETH/BTC exchange rate for 1 year liquidated its position this morning during the downturn, incurring a loss of 22.45 million USD
ChainCatcher message, according to on-chain data analyst @ai_9684xtpa's monitoring, a whale address that has been long on the ETH/BTC exchange rate sold 3,987 WETH (approximately 10.05 million USD) at an average price of 2,519 USD over the past 4 hours to convert to WBTC to repay Aave loans, completely liquidating and cutting losses, ending a year-long "long exchange rate operation."
Since 2024, this address has accumulated losses of over 22.45 million USD due to its long position on the exchange rate, having previously chosen to resist liquidation through a flash loan when on the brink of being liquidated.
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