Whale With $263M WBTC/ETH Position Faces Liquidation Risk After $65.49M Unrealized Loss

A whale holding $263 million in WBTC and ETH through a looping strategy faces imminent liquidation, EmberCN data show. The whale sold 1,316.8 ETH for 4.017 million USDT on November 18 to reduce the position and lower the liquidation price. The position carries $146 million in USDT borrowings on Aave with a health factor of 1.05, facing forced liquidation if BTC and ETH decline an additional 5%. The whale's entry prices were $116,762 for WBTC and $4,415 for ETH, resulting in an unrealized loss of $65.49 million.