Data: Looping loan whale sells another 9,516.8 ETH within 24 hours to avoid liquidation
According to ChainCatcher, crypto analyst Ember @EmberCN monitored that a whale who accumulated large amounts of WBTC and ETH at high prices using a looping loan strategy sold a total of 9,516.8 ETH from yesterday to early this morning, with a transaction amount of 29.36 million USDT and an average selling price of $3,085, in order to repay Aave loans. The whale's debt scale dropped from $150 million to $121 million, and the health rate, which was close to liquidation, rose from 1.04 to 1.12, temporarily moving out of the high-risk zone.
This address still holds 1,560 WBTC (worth $144 million) and 9,000 ETH (worth $28.04 million) as collateral. Analysis points out that a health rate of 1.12 is still relatively low, and if BTC and ETH decline again, this whale may need to further reduce positions and lower leverage.
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.
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