$BTC “Shark” continues to withdraw WBTC from #binance Binance
They withdrew another 118 $WBTC ($7.96M) from #binance
1 hour earlier, they also borrowed an additional 4M $USDT and transferred it to Binance, bringing the total amount of stablecoins they borrowed out to 12M $USDT.
The current collateral used by this Whale for the loan is 493 $WBTC ($33M) the value has increased more than 3 times compared to the original collateral of $9M just with the loop: WBTC collateral -> borrow & deposit Stablecoin to the exchange -> withdraw more $WBTC from the exchange.
Currently the loan they have on Aave:
Collateral : 493 $WBTC ($33M),1.5 $ETH ($4.8K) & 1K $USDC
Loan assets: 12M $USDT
Health rate : 2.15
The amount of WBTC that this Whale withdrew to his wallet is slightly higher than the amount of $USDT he borrowed before, so the health rate that this Whale has is not too low, so the risk is kept at a safe level with the long position. low leverage.
Wallet address:
🔜0x6924c94839ab2f9137c2b1bb20c847ff665b42f6
