A Whale Who Bought ETH at $4,396.5 with Leverage Is 'Deleveraging' to Avoid Liquidation

BlockBeats News, October 12th, according to AI Auntie Monitoring, the whale address that borrowed coins on September 9th at an average price of $4,396.5 to buy ETH, in the past 6 hours has sold off 3,443 ETH at an average price of $3,754, worth $12.92 million. This portion incurred a loss of $2.212 million. The remaining ETH from the same day's position still holds an unrealized loss of $3.122 million.

Currently, this address has 13,000 ETH collectively collateralized in Aave and has borrowed $34.19 million in stablecoins, with a Health Factor of 1.2. If ETH continues to decline, continuous "sell-offs" will be required to reduce leverage.