According to on-chain analyst Ember monitoring, 0x1111 address has been long the ETH/BTC exchange rate since March 2023. This year, the ETH/BTC exchange rate has been falling all the way, and his position has also fallen below the clearing line many times to be liquidated. With the ETH/BTC exchange rate falling to 0.0455, in order to avoid the position continuing to be liquidated, he used 1689 ETH collateral to repay 76 WBTC loans through lightning loans 6 hours ago. His current ETH/BTC exchange rate long position on Aave is: mortgage 15,483 ETH to borrow 600.7 WBTC, and the loan health rate is only 1.02. It is still on the edge of the clearing line. If the ETH/BTC exchange rate continues to fall, his collateral (ETH) will continue to be liquidated.
James Fickel, founder of the amaranth foundation, has been long the ETH/BTC exchange rate since the beginning of January this year: he borrowed 2,391 WBTC ($152 million) from Aave by mortgaging ETH, and then sold it for 43,784 ETH. His ETH/BTC exchange rate cost is 0.0546, and the current ETH/BTC exchange rate price is 0.0458, which means that his exchange rate is currently as high as 24.61 million US dollars (-16%).
An address repaid 76 WBTC loans with 1689 ETH collateral 6 hours ago through lightning loans
2024-05-16 02:07:05
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