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TechFlow reports, according to on-chain analyst Yujin's monitoring, a whale who was long on the ETH/BTC exchange rate suffered a liquidation one hour ago as their loan health factor dropped below 1. The whale had 3,870.79 ETH worth of collateral forcibly repaid to cover 183 WBTC in borrowings.
The whale’s current loan health factor stands at 1.01, placing them in a precarious state where any further drop below 1 would trigger additional liquidations.
A whale that was long on the ETH/BTC exchange rate experienced a liquidation one hour ago when its loan health factor dropped below 1. The whale had 3,870.79 ETH worth of collateral forcibly used to repay 183 WBTC in debt. Currently, the whale's loan health factor is 1.01, placing it in imminent danger of falling below 1 again and triggering further liquidations.
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