Whale sells 18.5K ETH at a loss to avoid liquidation

A whale who used a recursive lending strategy to open long positions on WBTC and ETH has sold 18,517 ETH over the past two days to avoid liquidation, realizing a loss of $25.29 million, EmberCN reported. While the ETH position has been closed, the investor's remaining 1,560 WBTC position is currently showing an unrealized loss of $41.12 million.