A whale that went long on the ETH/BTC exchange rate borrowed 50 WBTC 9 hours ago to go long again

2024-05-19 10:00:35

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ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate fell to 0.044 a few days ago. The ETH/BTC bull at 0x1111 was forced to retrieve some ETH to buy WBTC for repayment to reduce their position as it reached the liquidation line. Now the ETH/BTC exchange rate has rebounded to 0.0466, and this whale has once again increased their long position on the ETH/BTC exchange rate: 9 hours ago, they borrowed 50 WBTC (3.35 million USD) and sold it for 1069 ETH.

The whale's current position health rate is 1.07 (the liquidation line is at an ETH/BTC exchange rate of 0.0435).

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ETH/BTC exchange rate WBTC

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