The health of the whale who shorted the ETH/BTC exchange rate by pledging 2647.9 WBTC and lending 29480 ETH has risen to 1.39

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Cointime2024/01/08 02:55

By:Cointime

As monitored by on-chain analyst Yu Jin, as the ETH/BTC exchange rate fell again to the 0.05 level, a whale who shorted the ETH/BTC exchange rate (borrowed 29,480 ETH by pledging 2,647.9 WBTC near 0.0525 and transferred it to Coinbase) has started to profit. The health of the loan has risen from an initial 1.28 to 1.39. Meanwhile, the whale who has been longing for the ETH/BTC exchange rate since March 2023 has seen the health of the loan drop to 1.02, once again approaching the liquidation line.

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