The loop loan is long on BTC, and the whale sells WBTC and ETH for repayment before approaching the liquidation line

According to on-chain analyst Yu Jin (@EmberCN), a whale who previously went long on a total of 1,320 WBTC (approximately $132 million) through a circular borrowing method is now close to the liquidation line after the market decline. To reduce risk, this whale sold approximately 465.4 WBTC and 2,686 ETH about 2 hours ago, exchanging them for approximately $56.52 million USDC to repay part of the loan. Among them, the average selling price of WBTC was about $102,722, and the average selling price of ETH was about $3,244.