Data: The giant whale of the revolving loan cuts losses again, selling 9,516.8 ETH in 24 hours to prevent liquidation

According to crypto analyst Yu Jin @EmberCN, a whale using a circular loan strategy to accumulate WBTC and ETH sold a total of 9,516.8 ETH from yesterday to early this morning, with a transaction amount of 29.36 million USDT and an average selling price of 3,085 USD, in order to repay Aave loans. Its debt scale decreased from 150 million USD to 121 million USD, and the health ratio, which was close to liquidation, rose from 1.04 to 1.12, temporarily moving out of the high-risk zone.

The address currently still holds 1,560 WBTC (worth 144 million USD) and 9,000 ETH (worth 28.04 million USD) as collateral. Analysis indicates that a health ratio of 1.12 is still relatively low, and if BTC and ETH decline again, this whale may need to further reduce its position and lower leverage.