A major crypto whale is facing a $28 million liquidation in Wrapped Bitcoin (WBTC). Such a large liquidation event has raised concerns about its potential impact on Bitcoin prices.
The current liquidation risks are centered around the $50,000 price level for Bitcoin. However, historical trends indicate that there may be a price rebound following the liquidation.
As investors watch closely, the market is sensitive to movements involving large holdings, and this case is no exception.
