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A certain cyclical loan whale once again "cut losses" by selling 300 WBTC to repay the loan, incurring a loss of over $39 million.
On January 15, according to EmberCN monitoring, a whale using a circular loan strategy to buy assets at high prices—valued at $263 million in WBTC and ETH—after Bitcoin broke through $97,000 today, sold 300 WBTC at a price of $97,053 to exchange for 29.11 million USDT to repay the loan. The selling price resulted in a loss of $3.915 million. He had already realized a loss of $39.15 million from buying high and selling low:
· In August 2025, bought 1,560 WBTC ( valued at approximately $182 million ) at a price of $116,762; and 18,517 ETH ( valued at about $81.75 million ) at a price of $4,415.
· Later, as the market declined, he started cutting losses from November. Currently, ETH has been fully liquidated at a price of $3,049, realizing a loss of $25.29 million; WBTC has been sold at a cut price of $92,015 for 560 BTC, realizing a loss of $13.86 million.
· Still holding 1,000 WBTC ( valued at approximately $96.81 million ).