Holder $ETH , take a deep breath right now

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Holder $ETH , take a deep breath right now 🎃🎃🎃

Wintermute just deposited $7.4 million worth of ETH to Binance and OKX within the last few hours.

The price chart is wrecked, and with MM dumping hard, there’s no saving it $ETH …

$ETH
#Binance

Cindyyy

🔴 $ETH plunges, ETH treasury company forced to SELL AT A LOSS to save its loan!

The market just got another notable twist! BTCS—a company holding a large amount of ETH—has had to sell some ETH at a loss to ease pressure on its Aave loan and avoid the risk of cascading liquidations.

Notably, as of November 9, BTCS had pledged 46,676 ETH (~$100 million) as collateral to borrow $64.1 million.

⚠️ But the risks don’t stop there!

- Loan liquidation price: $1,717/ETH
- ETH price this morning: around $1,900
- Distance to the liquidation threshold: only about 10%.

Meanwhile, BTCS holds a total of 49,571 ETH. This means 94% of the company’s ETH treasury is on Aave as collateral!

Notably, BTCS has yet to disclose exactly how much ETH it sold or the losses it incurred.

Another price drop could sharply increase liquidation pressure. Is this merely a defensive move, or a warning sign of another wave of sell-offs?

#Binance

ETH-4.50%