WHY ETHEREUM DUMPED SO HARD??
๐จ๐จ ! ๐จ๐จ
A major player sold off 26,600 ETH ($82.5M) at $3,102 to settle a debt on Aave.
This move caused ETHโs price to drop by 3.4%.
Following this, they opened a new wallet and borrowed 80.9M USDT from Aave to purchase 26,235 ETH at $3,084.
Their current health ratio stands at 1.9, with a liquidation price set at $1,625.
๐ผ Data Credit - LookOnchain
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