Whale Sells WBTC Amid Market Decline to Repay Loan

According to Odaily, a significant market downturn has prompted a large cryptocurrency holder, known as a whale, to sell 432 Wrapped Bitcoin (WBTC) for $77,030 each, totaling 33.27 million USDT. This transaction was made to repay a loan. The whale still holds 100.28 WBTC, valued at $7.7 million, as collateral on Aave V3, with an outstanding loan of $3.74 million. The health factor of the loan has improved to 1.61.