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The health level of the whale who borrowed 29,480 ETH by mortgaging 2,647.9 WBTC to short the ETH/BTC exchange rate has risen to 1.39.

The health level of the whale who borrowed 29,480 ETH by mortgaging 2,647.9 WBTC to short the ETH/BTC exchange rate has risen to 1.39.

2024/01/08 02:44

According to on-chain analyst @EmberCN on platform X, the ETH/BTC exchange rate has once again fallen to the 0.05 mark. The whale who shorted the ETH/BTC exchange rate (borrowing 29,480 ETH by collateralizing 2,647.9 WBTC near 0.0525 and transferring it into Coinbase) has started making profits. The health of the loan has risen from an initial 1.28 to 1.39. Meanwhile, a whale that went long on the ETH/BTC exchange rate since March 2023 saw their loan health drop to 1.02, nearing liquidation once again.

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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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