The "whale that hoarded cryptocurrency through revolving loans" liquidated 18,517 ETH in the past two days, incurring a loss of $25.29 million.

To avoid being liquidated, the "whale that hoarded WBTC and ETH at high prices through revolving loans" sold off 18,517 ETH (US$56.45 million) in two days, incurring a loss of US$25.29 million. After selling off the ETH, the remaining 1,560 WBTC also suffered significant unrealized losses: with a cost price of US$116,762, the unrealized loss was US$41.12 million.