TechFlow reports, according to Etherscan monitoring, a whale with a long ETH/BTC position has approached the liquidation threshold and is forced to further reduce their position: over the past half hour, this address withdrew 3,886 ETH ($11.52 million) from Aave, sold it for 173.3 WBTC, and repaid part of the loan.
Despite these actions, the borrower's health factor remains at a dangerous 1.01, meaning they must continue selling ETH for WBTC to repay outstanding debt.
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