Crypto Whale Incurs $39.15 Million Loss Selling 300 WBTC for $29.11 Million USDT to Repay Loans

On Jan. 15, a crypto whale sold 300 Wrapped Bitcoin (WBTC) near $97,053, generating $29.11 million in USDT to repay loans, according to EmberCN. The sale locked in a $39.15 million realized loss as Bitcoin briefly topped $97,000. Despite the loss, the address still holds 1,000 WBTC worth about $96.81 million.