The address marked as Three Arrows Capital has a collateral position of 211,999.12aWETH (worth $235 million) on Aave V2 and a total debt of $183 million USDC+USDT. If ETH falls near $1014, the collateral position will face liquidation. It is actively repaying the debt now.
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The address uses USDT/USDC to repay the debt and withdraws ETH, and then converts ETH to USDT/USDC through "sinofate.eth" and repays it, and so on. In almost 24 hours, the address has sold about 50kETH. zapper.fi/zh/account/0x4
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Si you’re telling me that we need to hit $1014 on ETH and 14k on BTC to force liquidations?
Roger that.
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These are professional fund managers. How come they didn't manage risk or sell when eth or btc when price was so high? Were they expecting to go moon like us retailers? 😆 🤣
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What I'm worried about this kind of tweet is because this makes 3AC very vulnerable to bad actors/enemies especially with a target bounty for liquidation.
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