$132 million! Whale's circular borrowing position is approaching the liquidation line, urgently selling 56.52 million U for bail-in.

RumbleValidator · 2025-11-05T01:34:26+00:00

A large Whale is facing liquidation due to the market big dump. He had used 1320 WBTC for circular lending. In a bail-in effort, he has sold 465.4 WBTC and 2686 ETH, totaling 56.52 million U. This stop loss operation may put pressure on the market, and the consequences are worrying.

RumbleValidator

2025-11-05 01:34:26

Abstract generation in progress

[Breaking] Just saw some explosive news – a big Whale is about to get into trouble.

This guy was previously playing with circular borrowing, leveraging long 1320 WBTC, which is about 132 million USD at the current price. As a result, with the market crashing today, it pushed his position to the edge of liquidation.

Two hours ago, he started to save himself: he sold 465.4 WBTC and 2686 ETH, cashing out a total of 56.52 million U to pay off part of his debts. The selling price of WBTC was around 102,700 dollars each, while ETH was about 3,244 dollars.

To be honest, such a large stop-loss operation itself will put pressure on the market. When the leverage of circular borrowing is high, it feels great when the market rises, but it's deadly when it falls. Now it remains to be seen whether he can stabilize the situation with this operation; otherwise, if liquidation is triggered, the chain reaction could be quite troublesome.

WBTC-0,84%

ETH-2,5%

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