The ETH/BTC exchange rate fell below 0.05 in the early morning, causing a huge whale of 4,210 ETH to trigger liquidation
Data monitored by on-chain analyst @ai_9684xtpa shows that a whale who was long on the ETH/BTC exchange rate triggered a liquidation of 4210 ETH and sold 203.28 WBTC to repay the debt, worth $9.26 million, when the ETH/BTC exchange rate fell below 0.05 (dropping to a minimum of 0.4977) at 2:30 a.m. After being forced to liquidate, the whale borrowed 997 ETH through a flash loan and voluntarily repaid 92 WBTC. Currently, there are still 1,463 WBTC to be repaid, with a health ratio of 1.02.
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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