Only another 12% down in BTC for Celsius to be liq'd for $450m on-chain Health factor being so close to 1 with users funds is an abuse of their fiduciary duty Last time this was topped up was during LUNA liq cascade (May 12th) for negligible size (1k BTC) Vs 18k BTC collateralhttps://twitter.com/TheDeFiDan/status/1536257051990626304 …
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DeFiyst Retweeted Nexo
Anyone liquid here is in a good position to pick this up in size. Wonder who else has entered the fray.https://twitter.com/Nexo/status/1536256598993211393?s=20&t=cwb7jz1-dByrAY81M5Stog …
DeFiyst added,
NexoVerified account @NexoAfter what appears to be the insolvency of@CelsiusNetwork and mindful of the repercussions for their retail investors & the crypto community, Nexo has extended a formal offer to acquire qualifying assets of@CelsiusNetwork after their withdrawal freeze. https://drive.google.com/file/d/1PlxlCKn2Ro0PDAco-Fjlsi0hWU8gwgBE/view?usp=sharing …Show this thread1 reply 1 retweet 45 likesShow this thread -
Only a 10% move required now. Will BTC this go <$20k on-chain if this happens?pic.twitter.com/cvPEyDTwns
1 reply 0 retweets 40 likesShow this thread -
CORRECTION; only an 6% move*. It starts at $22.5k, not 21.5k. h/t
@TheDeFiDanpic.twitter.com/UIJWXjtKT8
3 replies 6 retweets 49 likesShow this thread -
Update: 4% to go until liq begins.pic.twitter.com/h6TsMyxDRl
5 replies 2 retweets 53 likesShow this thread -
UPDATE: Celsius transferring 1k wBTC inpic.twitter.com/UfV4aYztlC
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Liq price now down to just over $20kpic.twitter.com/qCGwC2kN4P
33 replies 93 retweets 457 likesShow this thread
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