Smart Money On Chain Update: Whale Takes Massive Loss
Recent on chain data highlights a major whale unwinding a heavily leveraged position after the latest Bitcoin dip. According to blockchain monitoring, the whale offloaded 400 WBTC to repay outstanding debt as BTC slipped near $86,000. The sale was executed around $86.7K per WBTC, generating roughly $34.6M in USDT.
This move capped a series of poor timing decisions. The wallet had earlier accumulated large positions near market highs using borrowed funds. Over time, both ETH and WBTC holdings were gradually sold at much lower prices, locking in heavy losses.
Overall, the whale has realized an estimated $51M+ loss, split almost evenly between Ethereum and Wrapped Bitcoin positions. The case serves as a reminder that leverage and “smart money” status do not guarantee success risk management remains critical in volatile markets
