A whale address that had been long ETH/BTC for a year liquidated its position in the fall this morning, losing $22.45 million

BlockBeats news, on November 1, according to the monitoring of on-chain data analyst @ai_9684xtpa, a whale address that has been long on the ETH/BTC exchange rate for a long time sold 3,987 WETH (about 10.05 million US dollars) at an average price of 2,519 US dollars in the past 4 hours to exchange for WBTC to repay Aave loans, completely clearing out the position and ending a year-long "long exchange rate operation".

Since 2024, the address has accumulated losses of more than 22.45 million US dollars due to long exchange rates. Previously, it chose to resist through flash loans when it was on the verge of liquidation.