[Whale Using Loop Loans Sells 9,516.8 ETH in 24 Hours to Avoid Liquidation]
Crypto analyst Ember (@EmberCN) monitoring shows that a whale, who accumulated WBTC and ETH through loop loans, sold a total of 9,516.8 ETH from yesterday to early this morning. The transaction amount was 29.36 million USDT, with an average selling price of $3,085, used to repay Aave loans. The whale's debt scale decreased from $150 million to $121 million, and the health factor on the verge of liquidation rose from 1.04 to 1.12, temporarily moving out of the high-risk zone. The address still holds 1,560 WBTC (valued at $144 million) and 9,000 ETH (valued at $28.04 million) as collateral. Analysts pointed out that a health factor of 1.12 is still relatively low, and if BTC and ETH prices drop, the whale may need to further reduce positions to lower leverage.