#Trader Aave liquidated#
Hot Topic Overview
Overview
Recently, a trader has been liquidated three times on the Aave platform, resulting in significant losses. The most recent incident occurred 9 hours ago, with a loss of 1495 ETH ($4.97 million), marking the third liquidation in the past 35 days. Previously, the trader was liquidated on December 10th and December 6th, 2024, with losses of 44.86 WBTC ($4.37 million) and 95.46 WBTC ($9.25 million), respectively. Currently, the trader holds 541.68 WBTC ($51.10 million) on Aave. If the price of BTC drops to approximately $90,810, they will be liquidated again.
Ace Hot Topic Analysis
Analysis
Recently, a trader suffered three liquidations on the decentralized lending platform Aave, resulting in significant losses. It is reported that the trader held 541.68 WBTC (approximately $51.1 million) on Aave and used it as collateral to borrow other cryptocurrencies. However, due to recent large fluctuations in the price of Bitcoin, the trader's collateralization ratio has been steadily declining, ultimately leading to three liquidations. The first liquidation occurred on December 6, 2024, resulting in a loss of 95.46 WBTC (approximately $9.25 million); the second liquidation occurred on December 10, 2024, resulting in a loss of 44.86 WBTC (approximately $4.37 million); and the third liquidation occurred 9 hours ago, resulting in a loss of 1495 ETH (approximately $4.97 million). Currently, the trader's account still holds 541.68 WBTC. If the price of Bitcoin falls to around $90,810, he will be liquidated again. This incident serves as a reminder to investors to carefully manage risks and pay attention to changes in collateralization ratios when using decentralized lending platforms, to avoid liquidation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
This trader has been liquidated three times in the past 35 days, resulting in significant losses.
The trader currently holds a large amount of WBTC on Aave, and will be liquidated again if the price of BTC drops to around $90,810.
This incident serves as a reminder that leveraged trading is highly risky and requires careful consideration.
The liquidation mechanism of decentralized finance platforms like Aave can lead to significant losses for users during market fluctuations.