A major ETH/BTC exchange rate whale was liquidated on Aave after the health rate of the loan exceeded 1
According to on-chain analyst Yu Jin, with last night's decline, the ETH/BTC exchange rate fell to a low of 0.047. Six hours ago, a whale who has been long on the ETH/BTC exchange rate since March 2023 was liquidated again when its loan health ratio on Aave fell below 1. The whale's collateral of 2701 ETH (worth about $8.74 million) was liquidated to repay a loan of 123.7 WBTC. Currently, this whale's loan health ratio on Aave is at 1.01 and still near the liquidation line. If the ETH/BTC exchange rate continues to fall, its collateral will continue to be liquidated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Circle issues 500 million USDC on Solana
Uzbekistan approves the use of stablecoins for payments under new sandbox mechanism
20,000 ETH transferred out from a certain exchange, worth $61.21 million
The probability of "OpenSea launching a token this year" rises to 52% on Polymarket
Trending news
MoreCrypto prices
More
