A whale withdrew 3886 ETH from Aave and sold it for 173.3 WBTC
ChainCatcher2024/05/16 14:53
By:ChainCatcher
ChainCatcher news, according to on-chain analyst Ember’s monitoring, a whale’s position long on the ETH/BTC exchange rate has reached the edge of the liquidation line, and it can only continue to reduce its position.
It is reported that in the past half hour, this address withdrew 3886 ETH (approximately $11.52 million) from Aave, sold it, exchanged it for 173.3 WBTC, and repaid the money.
Even so, his borrowing health ratio is currently at a dangerous 1.01, and he still needs to continue selling ETH for WBTC to repay his borrowings.
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