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BTCS sells ether at a loss to keep $64 million Aave loan healthy

BTCS sells ether at a loss to keep $64 million Aave loan healthy
AI summary

Nasdaq-listed BTCS sold ether at a loss to keep its $64 million Aave loan healthy, with 46,676 ETH backing its borrowings. The loan could become eligible for liquidation if ether slides to around $1,700. The forced sale highlights leverage stress among ETH treasury companies and adds a potential liquidation overhang that traders will watch as a downside risk for ether.

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