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A Whale That Is Long the ETH/BTC Exchange Rate Has a High Liquidation Risk on Aave, With a Health Score of 1.06

According to user @ai_9684xtpa, who is monitoring the ETH/BTC exchange rate, a whale that is continuously buying ETH/BTC has a health score of 1.06 on Aave, indicating a high risk of liquidation.

This address has collateralized 46,000 ETH and 370,000 USDC on Aave V2, borrowed 2,088.69 WBTC, and provided one-sided liquidity to the WBTC/ETH trading pair on Uniswap to buy more ETH. The current ETH/BTC exchange rate is 0.05487, and liquidation will be triggered when the ratio reaches 0.05176.

Bitcoin Bitcoin $96,078.64
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  • A whale who was long on ETH/BTC exchange rate was liquidated after the Aave loan health rate broke 1

    According to on-chain analyst Yu Jin's monitoring, with last night's decline, the ETH/BTC exchange rate fell to a minimum of 0.047. Six hours ago, a whale who has been longing for the ETH/BTC exchange rate since March 2023 experienced liquidation again as the health rate of the loan in Aave fell below 1, and liquidated 2701 ETH (worth about 8.74 million US dollars) to repay the 123.7 WBTC loan. Currently, the whale's loan health rate in Aave is 1.01, still on the edge of the liquidation line. If the ETH/BTC exchange rate continues to decline, its collateral will continue to be liquidated.

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