mil in DAI debt we should be in the clear?
No they only need to add some more collatoral to the loan to lower the liquidation point
not at all. we already know they could pay off the loan right now. the question is if they have enough assets to pay. us, their investors, off
What’s the safe zone for the liquidation point? (Also thx for the explanation)
Liquidition price is around 13603$ atm
and this being fully transparent, they will try to liquidate Celsius
But they don’t know how much collateral can be added or when celsius creditors are making any funds available. Hence total silence
They are just unsure how much Celsius can still add to lower the liq price.
what do we want it to get to
Ideally 0 & have it repaid
THEN THEY SHOULD DO THE ACQUISITION
Just exhausted. Would like access to the funds even if it was a slow but sure process
Could you imagine what would happen if they did pay it off though. The CEL shorts would crap their pants and we'd see a short squeeze. And the BTC whales wouldn't have a liquidation point to hunt for anymore so we'd get an excellent pop there too. Not likely for that to happen soon, but it was fun to play out that scenario in my mind. 😂
Think most likely Celsius would be adding more collateral to a liquidation is Less than 10k BTC. To be safe !
Yes, no point paying off the loan as Celsius will take loss in result and we will be getting less for sure! As long Celsius has enough collateral and Bitcoin is not going to 0. Everything will be ok once the tide has turned!
Where do they get these assets to top up collateral?
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