$BTC A $100 Million Loss! BTC Whale Goes All-In with Revolving Loans, Ultimately Cuts Losses and Exits, Losing $14.02 Million On March 20th, on-chain data analysts detected that a major Bitcoin holder who heavily leveraged revolving loans completely liquidated his position, incurring a direct loss of $14.02 million. This player repeatedly operated over the past year: staking WBTC to borrow USDC, then using the borrowed money to buy more WBTC, building a position of 742.8 WBTC through this revolving leverage, with an average cost of approximately $89,137. Just one hour ago, he sold all his holdings through FalconX at $70,266, receiving 29.75 million USDC, and repaying all his loans on Aave. #BTC