$26.5M in WBTC at Risk of Liquidation!

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Crypto Live News

Author: Mustafa Mulla

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Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Whale activity in the Bitcoin and altcoin markets never fails to surprise, especially when they make huge gains or face major liquidation threats. Right now, a massive Bitcoin whale is on the edge of liquidating 488.45 $WBTC (about $26 million) on Compound. According to Lookonchain, this whale’s health rate plummets to 1.07, and the liquidation price is set at $50,429. This isn’t the first time this address has been hit hard; during the 2022 crypto crash, it was liquidated three times, losing approximately $32.8 million in assets.



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