「Highly Leveraged WBTC and ETH Whale」 Engaged in Loan Default by Dumping 9,516.8 ETH
BlockBeats News, November 19th, according to on-chain analyst Yu Jin monitoring, the "Whale Accumulating WBTC and ETH in a Flash Loan-based Circular Loan Manner" cut its positions from yesterday to early this morning, selling 9,516.8 ETH to repay 29.36 million USDT, with an average selling price of $3,085.
Its debt on Aave decreased from $150 million to $121 million, and the health factor of the position on the verge of liquidation increased from 1.04 to 1.12, temporarily avoiding danger. The collateral still includes 1,560 WBTC ($144 million) and 9,000 ETH ($28.04 million).
A health factor of 1.12 is not considered safe. If BTC and ETH continue to fall, it will have to keep selling to reduce its position.
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