PANews reported on November 20 that, according to on-chain analyst @ai_9684xtpa, an address that had been holding over $80 million worth of WBTC long positions through the Aave cycle has begun to unleverage, marking its first reduction in holdings in six months.
Between May and July 2025, he withdrew a total of 700.19 WBTC (approximately $81.63 million) from Binance, with an average long position price of $116,593. Three hours ago, he deposited 150 WBTC into Binance for the first time, and if he sells them, he will lose $3.734 million.
He is currently pledging 550.2 WBTC on Aave to borrow $28.09 million in stablecoins. His health is 1.4, and a drop to $65,436 would trigger liquidation.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

