Crypto Address Sells 1,390 Ether to Reduce Liquidation Risk

An address sold 1,390 Ether (ETH) in batches at an average price of $2,275.60 to reduce liquidation risk on its loans. The sales totaled about $3.16 million, with a loss of roughly $317,000. As of Oct. 30, the address had 19,506.17 ETH in collateral against $27.67 million in stablecoin borrowing, with a health factor of 1.31. A drop in Ether to $1,689.59 would trigger liquidation. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.