The revolving loan whale has cumulatively bought back approximately 203.6 cbBTC.

A whale address (0xc79b) using looping lending strategies repurchased roughly 203.6 cbBTC, worth about $15.85 million, at an average price of $77,804 during an overnight market decline on November 6, according to on-chain monitoring by Ember. The buyback follows the same address's earlier sale of 288.1 cbBTC at an average of $77,592 for about $22.35 million, meaning the repurchase came at a slightly higher price than the exit. The net result is a reduced cbBTC position of roughly 84.5 tokens versus before the round trip. The activity matters as a signal of how leveraged looping positions on Bitcoin wrappers are being rebuilt after a drawdown, with the higher re-entry price implying the whale absorbed a modest loss to restore exposure. Traders will watch whether other looping accounts on lending markets follow with similar buybacks or deleverage further if volatility persists.