Can it still hold up? The ETH death spiral has reached a critical point, and the giant "Lede Capital" is facing a liquidation crisis!



Yi Lihua's $1 billion ETH revolving loan position on Aave is facing a devastating blow. Yi Lihua's strategy: collateralize ETH on Aave → borrow USDT → buy more ETH. As ETH drops below $2,100, his net assets have shrunk by 70%. Yi Lihua has already begun large-scale selling of ETH on the secondary market to repay Aave debt, reducing his position from $1.1 billion to $1 billion.
ETH-7,68%
AAVE-6,46%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)