A major ETH/BTC exchange rate whale was liquidated on Aave after the health rate of the loan exceeded 1
According to on-chain analyst Yu Jin, with last night's decline, the ETH/BTC exchange rate fell to a low of 0.047. Six hours ago, a whale who has been long on the ETH/BTC exchange rate since March 2023 was liquidated again when its loan health ratio on Aave fell below 1. The whale's collateral of 2701 ETH (worth about $8.74 million) was liquidated to repay a loan of 123.7 WBTC. Currently, this whale's loan health ratio on Aave is at 1.01 and still near the liquidation line. If the ETH/BTC exchange rate continues to fall, its collateral will continue to 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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