【Breaking: $263 million position is on the verge of liquidation! The whale has only 5% buffer space】

The whale:

・Established position through looping loans

・Position cost: WBTC $116,000 / ETH $4,415

・Currently has an unrealized loss of $65 million

In an emergency to save itself, it has urgently sold 1,316 ETH

In exchange for 4.02 million USDT to repay part of the debt

However, there is still $146 million in loans on Aave

Health rate is only 1.05

If BTC/ETH drops another 5% → it will trigger large-scale liquidation

DeFi leverage is a double-edged sword

The whale is also difficult to escape blood #加密市场观察