The loan health ratio on Bhutan's sovereign wealth fund Aave has fallen to 1.15.

On-chain data shows that the loan health ratio of Druk Holdings' main wallet on Aave is currently 1.15. From January 19th to 20th, Druk Holdings' linked address leveraged long positions in ETH. As of press time, this address holds 116,560 stETH, representing a floating loss of approximately 15% from its purchase cost. All of this stETH is currently held in Aave, with the main wallet holding 104,000 stETH, currently valued at approximately $284 million, and its loan amount is 200 million USDT. In addition, the Kingdom of Bhutan's government address recently transferred 100.82 BTC, worth approximately $8.31 million, to QCP Capital's address.