TechFlame reports that, according to Ember monitoring, a major whale who had heavily accumulated WBTC and ETH through recursive loans is gradually reducing its WBTC holdings after liquidating 18,517 ETH at a loss of $25.29 million. Over the past week, the whale sold 350 WBTC at an average price of $87,732, exchanging them for 30.7 million USDT. With an average cost basis of $116,762 per WBTC, this resulted in a realized loss of $10.16 million. The whale still holds 1,210 WBTC, which are currently facing an unrealized loss of $30.9 million.