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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.

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