Data: A certain whale/institution has returned a loan of 9383 ETH to Aave, equivalent to about 35.71 million US dollars

Bitget App

Trade smarter

Bitget2024/05/24 02:01

ChainCatcher news, according to on-chain analyst @ai_9684xtpa, starting from December 2023, the whales/institutions that were shorting ETH have also started to repay their ETH loans on Aave.

It is reported that this address collateralized a total of 2898 WBTC and 14 million USDC between December 2023 and April 2024, borrowed out 38510 ETH and fully deposited it into Coinbase. It's suspected to be sold off with a value of $93.51 million.

In the past three days, as ETH has risen nearly by 20%, the health factor of this address on Aave has also rapidly declined. Three hours ago it repaid back 9383 ETH (worth $35.71 million), currently its health factor is at 1.48.

Worth noting is that the cost basis for this whale/institution's WBTC position was only $45,906; they are now in floating profit of $62.73 million.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

A whale sold 100 WBTC, with a total unrealized loss of $30.91 million.

Data: BTC options expiration of 143,000 contracts with a max pain point at $98,000; ETH options expiration of 572,000 contracts with a max pain point at $3,400.