Svmuu News: According to crypto analyst Yu Jin @EmberCN, a whale that had previously used a "circular lending" strategy to buy WBTC and ETH at high prices sold another 300 WBTC today after BTC broke through $97,000, exchanging them for approximately 29.11 million USDT to repay loans, at a selling price of around $97,053. Due to this “buy high, sell low” strategy, the whale has incurred cumulative losses of approximately $39.15 million. Specifically, in August 2025, the whale purchased 1,560 WBTC at approximately $116,762 (worth about $182 million) and 18,517 ETH at approximately $4,415 (worth approximately $81.75 million) at a price of approximately $4,415. As the market subsequently declined, the whale began cutting losses starting in November. Currently, all ETH holdings have been liquidated at a price of approximately $3,049, resulting in a loss of approximately $25.29 million; 560 WBTC have been sold at approximately $92,015, resulting in a loss of about $13.86 million. As of now, the address still holds approximately 1,000 WBTC, valued at approximately $96.81 million at current prices.