PANews reported on January 15 that, according to on-chain analyst Yu Jin, a "whale that bought $263 million worth of WBTC and ETH at high prices through a revolvingPANews reported on January 15 that, according to on-chain analyst Yu Jin, a "whale that bought $263 million worth of WBTC and ETH at high prices through a revolving
The "whale that hoarded WBTC and ETH at high prices through revolving loans" sold another 300 WBTC to repay the loan.
PANews reported on January 15 that, according to on-chain analyst Yu Jin, a "whale that bought $263 million worth of WBTC and ETH at high prices through a revolving loan" sold 300 WBTC at a loss today after BTC broke through $97,000, exchanging them for 29.11 million USDT to repay the loan. The selling price was $97,053.
He has already incurred a loss of $39.15 million due to buying high and selling low.
- In August 2025, he bought 1,560 WBTC at a price of $116,762 (US$182 million) and 18,517 ETH at a price of $4,415 (US$81.75 million).
- As the market subsequently declined, he began cutting his losses in November. He has now sold all his ETH holdings at $3049, incurring a loss of $25.29 million; and he has sold 560 WBTC at $92015, incurring a loss of $13.86 million.
- He also holds 1,000 WBTC (US$96.81 million).
Market Opportunity
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