A whale who is bullish on the ETH/BTC exchange rate borrowed 50 WBTC again 9 hours ago to go long
According to on-chain analyst EmberCN monitoring, a few days ago the ETH / BTC exchange rate fell to 0.044. User 0x1111, a die-hard bull of the ETH / BTC exchange rate, was forced to retrieve some of his ETH and buy WBTC for repayment in order to reduce his position as it reached the liquidation line. Now that the ETH / BTC exchange rate has rebounded back up to 0.0466, this whale has once again increased its long position on the ETH / BTC exchange rate: borrowing 50 WBTC (3.35 million USD) nine hours ago and selling them for 1069 ETH.
The current health ratio of this whale's position is at 1.07 (with liquidation line at an ETH/BTC exchange rate of 0.0435).
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.
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