According to ChainCatcher, a significant whale involved in leveraging Wrapped Bitcoin (WBTC) has begun to reduce its leverage. On-chain analyst @ai_9684xtpa reported that the whale, associated with address 0x931…3c721, sold 150 BTC at an average price of $92,276 over the past three hours, amounting to $13.84 million. This sale was used to repay a loan on Aave, resulting in a loss of $75,000.
Since April 2025, the whale had been purchasing WBTC, acquiring 340.2 WBTC at an average price of $92,777.36, totaling $31.56 million. Currently, the whale still has 225.07 WBTC collateralized on Aave, with a loan of $8.74 million and a health factor of 1.85.
