Whale Address 0x94de...940a Liquidated for $31.47M in WBTC Leverage Position

Address 0x94de...940a was liquidated for $31.47 million in a WBTC leveraged position on Nov. 5 as Bitcoin fell below $101,000, PeckShield data show. The address had employed a cyclic borrowing strategy on Aave, depositing WBTC and borrowing USDT to create a leveraged long position. The liquidation unwound the entire $31.47 million position.