According to on-chain analyst Yu Jin, 50 minutes ago, a whale who was long on ETH/BTC exchange rate took the initiative to reduce part of his position to improve the position loan health rate: he sold 2183.2 ETH (about 6.47 million US dollars) through flash loans to repay 100 WBTC, raising the loan health rate to 1.03.
Earlier news, with the continued decline at 4 am, the ETH/BTC exchange rate fell to 0.046. A whale who was long on ETH/BTC exchange rate fell below 1 again on Aave and continued to be liquidated: his 4,539.7 ETH (about 13.52 million US dollars) collateral was liquidated to repay 203 WBTC loans.
Since his address was liquidated in the early morning yesterday, he has not made any operations, neither replenished his position nor actively reduced his leverage position, allowing the platform to liquidate when the market fell. At present, his loan health rate on Aave is still at 1.01, which is on the edge of the liquidation line. If the ETH/BTC exchange rate continues to fall, his collateral will continue to be liquidated.