🚨🚨 Whale Alert 🚨🚨

🐋 Crypto Whale Faces Liquidation Crisis: Will Bitcoin Crash Cause a Major Selloff? 💥

🛑 Bitcoin Whale on the Verge of a Major Liquidation! 🛑

🚨 A Whale's WBTC Is in Danger!

On-chain data shows that a major crypto whale could face liquidation if the Bitcoin price drops below a key level. According to Lookonchain, the whale holds 488.45 Wrapped Bitcoin (WBTC) on DeFi platform Compound, with a dangerously low health ratio of 1.07. If Bitcoin hits $50,429, the whale's position will be wiped out.

🔗 What is WBTC?

WBTC is Wrapped Bitcoin, the equivalent of BTC that operates on the Ethereum network, allowing users to use their BTC in decentralized finance (DeFi) platforms. While Bitcoin's native blockchain does not support smart contracts, wrapped tokens bridge that gap, allowing BTC to operate in DeFi.

💥 History Repeats?

This is not the first time this whale has been caught in the storm. During the 2022 crypto crash, the same whale suffered three liquidations, losing a whopping 74,426 BTC, equivalent to $32.82 million!

🔥 Will Bitcoin Drop Further? Will This Whale Survive?

With the crypto market in a tailspin, all eyes are on Bitcoin's price action. Will this whale face another catastrophic liquidation or will the market recover in time?

DYOR! #Write2Win #Write&Earn $WBTC