A whale's 263 million position is close to liquidation, and has been forced to sell 1,316.8 ETH

Jinse Finance reported, according to analyst Yu Jin's monitoring, a whale investor who has been accumulating large amounts of crypto assets through cyclical loans is facing severe liquidation risk. On-chain data shows that this investor accumulated WBTC and ETH worth $263 million over the past three months, but the recent continuous market decline has pushed their position to the brink of liquidation. To avoid forced liquidation, the investor was recently forced to sell 1,316.8 ETH in exchange for $4.017 million USDT to repay part of the debt. Nevertheless, the investor still has as much as $146 million USDT in loans on the Aave platform, with a position health rate of only 1.05. Data shows that the whale's crypto asset costs are quite high: WBTC at an average price of $116,762 and ETH at an average price of $4,415, with an unrealized loss of about $65.49 million. If Bitcoin and Ethereum drop another 5%, the position will face forced liquidation, and part of the collateral will be sold to repay the debt.