[High-Level Hoarding WBTC and ETH Whale Liquidates 18,517 ETH in Two Days to Avoid Liquidation] On-chain analysis shows that a whale who hoarded WBTC and ETH at high levels through circular lending has liquidated 18,517 ETH (approximately $56.45 million) over the past two days to avoid liquidation, realizing a loss of $25.29 million. After the liquidation, the whale still holds 1,560 WBTC at a cost price of $116,762, with an unrealized loss of approximately $41.12 million.