According to @EmberCN, a whale who used looping loans to accumulate WBTC and ETH sold 350 WBTC over the past week at an average price of $87,732 for 30.7M USDT, versus a cost basis of $116,762, realizing a $10.16M loss; source: @EmberCN. The same address previously cleared 18,517 ETH, locking in a $25.29M realized loss; source: @EmberCN. The wallet still holds 1,210 WBTC that remain at an unrealized loss, highlighting remaining exposure tracked by on-chain participants; source: @EmberCN.

According to @EmberCN, a whale that loop-borrowed to accumulate about $263 million in WBTC and ETH roughly three months ago is now nearing liquidation on Aave as prices fall, source: @EmberCN on X; DeBank profile debank.com/profile/0x4ed0b41dff79e0e53a054903873899bc32abc853. Four hours ago the address sold 1,316.8 ETH for 4.017 million USDT to repay debt, source: @EmberCN on X; DeBank profile debank.com/profile/0x4ed0b41dff79e0e53a054903873899bc32abc853. The position still carries $146 million in USDT debt on Aave with a health factor of 1.05, meaning a further 5 percent drop in BTC and ETH without more deleveraging would trigger forced collateral sales, source: @EmberCN on X. Entry prices were WBTC 116,762 and ETH 4,415, implying an unrealized loss of about $65.49 million, source: @EmberCN on X. Traders can monitor repayments and health factor changes at the DeBank address to gauge liquidation risk and potential order flow pressure on WBTC, BTC, and ETH, source: DeBank profile debank.com/profile/0x4ed0b41dff79e0e53a054903873899bc32abc853; @EmberCN on X.