On November 1, **on-chain data** analyst @ai_9684xtpa reported a significant development in the crypto market. A prominent whale, long invested in the **ETH/BTC trading pair**, liquidated 3,987 WETH, equating to approximately **$10.05 million** at an average selling price of **$2,519**. This strategic move, executed within a span of four hours, involved converting assets to **WBTC** to fulfill outstanding **Aave** loans, thereby completely unwinding its prolonged position. Over the past year, this address has faced substantial challenges, accumulating losses exceeding **$22.45 million** from its long trades. Initially, to combat potential liquidation, the whale had employed flash loans as a tactical maneuver. This decisive action marks the end of a year-long engagement in an unfavourable exchange rate, reflecting the dynamic strategies employed by institutional players in the crypto sector.
Source: https://en.coinotag.com/breakingnews/whale-sells-3987-weth-for-wbtc-to-repay-aave-loans-ending-a-year-long-long-position/