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

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

Bitget2024/05/16 14:52
AAVE+0.29%WBTC-0.06%ETH+0.27%

Golden Finance reported that according to on-chain analyst Ember’s monitoring, the ETH/BTC exchange rate fell to 0.0449. The long position of the ETH/BTC exchange rate of the 0x1111 address has reached the edge of the liquidation line again, 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 paid it back. 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.

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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