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A whale who went long on the ETH/BTC exchange rate has lost a total of $22.45 million this year
2024-05-16 00:15
Odaily News According to on-chain analyst @ai_9684xtpa, the ETH/BTC exchange rate hit 0.04577, a three-year low. The whale 0x111...dc42e, who has been long on the ETH/BTC exchange rate since March 2023, is facing liquidation again. Five hours ago, the whale returned 76 WBTC (worth $5.09 million) through a flash loan; there are still 15,483 ETH as margin, 600 WBTC borrowed, and the health level is only 1.02. Since 2024, the whale has accumulated a loss of $22.45 million due to long ETH/BTC exchange rates. -January 9: 3,870.79 ETH were liquidated, worth $8.93 million; -April 14: 4,539.7 ETH were liquidated, worth $13.52 million.