A certain whale who was previously long on the ETH/BTC exchange rate reduced their position multiple times within 40 minutes
According to on-chain data analyst @ai_9684xtpa, the whale address that previously went long on the ETH/BTC exchange rate has reduced its position multiple times in the past 40 minutes. The address has cycled through five operations by "redeeming margin > selling to repay loans," accumulating a total of 615.45 WETH exchanged for 30.5 WBTC and repaid into Aave. As each withdrawal of margin further squeezes healthiness, only small-scale operations can be done without external capital intervention. Currently, the healthiness is still only at 1.01, indicating extremely high risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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