A certain whale deposited 2647.9 WBTC into Aave as collateral, borrowed 29496 ETH and then deposited it into CEX
According to on-chain analyst EmberCN, a certain whale/institution received 2,647.9 WBTC ($111 million) from FalconX in the last 10 days and then borrowed 29,496 ETH ($68 million) by depositing WBTC into Aave and transferred it to CEX. The whale's loan health on Aave is 1.28. If the ETH/BTC exchange rate rises to 0.07 (assuming BTC price remains unchanged and ETH rises to $2,933), his loan will be liquidated.
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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