Massive Whale Liquidation Alert: $26.5M in WBTC at Risk of Liquidation!

The post Massive Whale Liquidation Alert: $26.5M in WBTC at Risk of Liquidation! appeared first on Coinpedia Fintech News

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.