Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

A whale withdrew 3886 ETH from Aave and sold it for 173.3 WBTC

CointimeCointime2024/05/16 15:10
By:Cointime

ETH/BTC exchange rate has dropped to 0.0449. The long position of the ETH/BTC exchange rate at address 0x1111 has come to the edge of liquidation, and he can only continue to reduce his position: in the past half hour, he withdrew 3886 ETH (11.52 million US dollars) from Aave, sold it for 173.3 WBTC and repaid the loan. However, his loan-to-value ratio is still dangerously low at 1.01, and he still needs to continue selling ETH for WBTC to repay the loan.

0

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.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!