PANews reported on January 26 that, according to on-chain analyst Yu Jin, a "whale that bought $263 million worth of WBTC and ETH at high prices through a revolving loan" continued to sell 400 WBTC at a loss today after BTC fell to $86,000, exchanging them for 34.67 million USDT to repay the loan. The selling price was $86,694.

He has already suffered a huge loss of $51.17 million due to buying high and selling low.

• The 18,517 ETH (worth $81.75 million) bought at $4,415 have all been sold off at an average price of $3,049, resulting in a loss of $25.29 million.
• The 1,560 WBTC (worth $182 million) bought at $116,762 have been sold at an average price of $89,798, resulting in a loss of $25.88 million.