Ya if the loan was liquidated when BTC was around

Question

Ya if the loan was liquidated when BTC was around

26k and now the market have drop to 21-22k per btc, didn't this liquidation do more good to Celsius than harm? But it also depends on the liquidation fees tether impose and also what did Celsius did with the 900mil USDT they got after that

0

09.07.2022

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lin Автор вопроса

M H
Hopefully not lend it to a defi trader to trade an...

LOL ya that we sadly don't knw

0

09.07.2022

Archon Power

So Celsius needs to pay down all loans prior to August Mt Gox release. That release will cause BTC price to go down (plus macro, inflation, etc.). The 900mm at 26k is around 34,600 BTC. That BTC is now worth around 725mm. If BTC drops to 14k (seems to be a popular bottom target), the value of the collateral would be less than 500mm

0

09.07.2022

M H · Accepted Answer

M H

Hopefully not lend it to a defi trader to trade and get yeild and then lose most of they money 👀

0

09.07.2022

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Ya if the loan was liquidated when BTC was around

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