Whale's WBTC Position Nears Liquidation Amid Market Downturn

According to PANews, a significant cryptocurrency holder, often referred to as a 'whale,' is facing potential liquidation of their position involving 1,320 Wrapped Bitcoin (WBTC), valued at approximately $1.32 billion. The position is at risk due to a recent market downturn. In response to the declining market, the whale sold 465.4 WBTC and 2,686 Ether (ETH) two hours ago, securing $56.52 million to repay debts. The average selling price for WBTC was $102,722, while ETH was sold at an average price of $3,244.