The lending whale is cutting loss again, selling 9516.8 ETH in the last 24 hours to prevent liquidation.

ETH4,19%
WBTC5,13%
AAVE2,06%
BTC5,25%

Odaily News According to encryption analyst Yu Jin @EmberCN monitoring, a Whale that has been hoarding WBTC and ETH at high levels using circular lending has sold a total of 9516.8 ETH from yesterday to early this morning, with a transaction amount of 29.36 million USDT, at an average selling price of 3085 USD, to repay Aave loans. Its debt scale has decreased from 150 million USD to 121 million USD, and its health rate, which is on the brink of liquidation, has risen from 1.04 to 1.12, temporarily moving out of the high-risk zone. The Address currently still holds 1560 WBTC (worth 144 million USD) and 9000 ETH (worth 28.04 million USD) as collateral. Analysis indicates that a health rate of 1.12 is still relatively low, and if BTC and ETH fall again, this Whale may need to further reduce position and lower leverage.

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