$50M ETH Short on AAVE. A new account, 0x454, took out a $50M on-chain bet against ETH <48 hours ago.
22 Dec 2023, 13:37
$50M ETH Short on AAVE
A new account, 0x454, took out a $50M on-chain bet against ETH <48 hours ago.
They borrowed $48M of ETH against almost $80M in WBTC collateral - sending the ETH straight to Coinbase.
Same news in other sources
222 Dec 2023, 13:37
0x454 was funded <3 days ago, and took this trade just as ETH made new lows against BTC.
If WBTC’s price doesn’t move, ETH’s price would have to rise to almost $2700 in order to liquidate this position.
Track them on Arkham here:
0x454 was funded <3 days ago, and took this trade just as ETH made new lows against BTC.
0x454 was funded <3 days ago, and took this trade just as ETH made new lows against BTC.
If WBTC’s price doesn’t move, ETH’s price would have to rise to almost $2700 in order to liquidate this position.
Track them on Arkham here:
https://t.co/RJpw5EcrCA
22 Dec 2023, 13:37
Interestingly, the WBTC they use to collateralize the position can actually be seen on BTC chain before it is wrapped.
It’s deposited to the WBTC Custodian (3Di) from this address, labeled as FalconX on the WBTC Dashboard:
Interestingly, the WBTC they use to collateralize the position can actually be seen on BTC chain before it is wrapped.
Interestingly, the WBTC they use to collateralize the position can actually be seen on BTC chain before it is wrapped.
It’s deposited to the WBTC Custodian (3Di) from this address, labeled as FalconX on the WBTC Dashboard:
https://t.co/fg9e4WKeZa