Whale Sells WBTC Amid Market Fluctuations, Incurring Significant Losses

According to BlockBeats, on January 15, a major cryptocurrency investor, who previously purchased $263 million worth of WBTC and ETH using a revolving loan, sold 300 WBTC for 29.11 million USDT to repay debts after BTC surpassed $97,000. This sale resulted in a realized loss of $39.15 million due to buying at high prices and selling at lower ones. In August 2025, the investor acquired 1,560 WBTC at $116,762 each, totaling approximately $182 million, and 18,517 ETH at $4,415 each, valued at around $81.75 million. As the market declined, the investor began selling off assets in November. All ETH holdings were sold at $3,049 each, resulting in a $25.29 million loss, while 560 WBTC were sold at $92,015 each, incurring a $13.86 million loss. The investor still retains 1,000 WBTC, valued at approximately $96.81 million.