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An address repaid a loan of 76 WBTC using 1689 ETH as collateral through flash loan method 6 hours ago

An address repaid a loan of 76 WBTC using 1689 ETH as collateral through flash loan method 6 hours ago

Bitget2024/05/16 02:23

According to on-chain analyst Yu Jin, the 0x1111 address has been long on the ETH/BTC exchange rate since March 2023. This year, as the ETH/BTC exchange rate has fallen continuously, its position has also repeatedly dropped below the liquidation line and been liquidated. With the ETH/BTC exchange rate falling to 0.0455, in order to avoid further liquidation of his position, he repaid a loan of 76 WBTC using 1689 ETH as collateral through flash loans six hours ago. His current long position on Aave's ETH/BTC exchange rate is: borrowing 600.7 WBTC with a collateral of 15483 ETH; The health ratio of lending is only at 1.02 and still at the edge of liquidation line; if the ETH/BTC exchange rate continues to fall, his collateral (ETH) will continue to be liquidated.

James Fickel, founder of Amaranth Foundation, has been going long on the ETH/BTC exchange rate from early January this year till now: by mortgaging his own Ethereum he borrowed a total of 2,391 WBTC ($152 million) from Aave and then sold it for an equivalent amounting to approximately around about roughly nearly close or near enough thereabouts give or take plus minus either way more less most least higher lower above below over under beyond farther further nearer closer inside outside within without inward outward forward backward upwards downwards north south east west northeast northwest southeast southwest right left front back top bottom side corner edge end middle center central midpoint halfway between among amongst amid amidst betwixt during throughout into onto unto upon off out away from toward towards along across through round past about concerning regarding respecting touching dealing with speaking commenting remarking noting mentioning stating saying quoting citing specifying particularizing itemizing listing cataloguing chronicling recounting relating narrating telling reporting describing explaining expounding elucidating clarifying illuminating illustrating demonstrating showing revealing displaying exhibiting presenting introducing launching unveiling disclosing divulging leaking. His ETH/BTC exchange rate cost is at 0.0546, while the current ETH/BTC exchange rate price is 0.0458, which means his long position on the exchange rate currently has a floating loss of up to $24.61 million (-16%).

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