Update
After two rounds of deposit in WBTC, Celsius made another deposit in DAI that works $19M. It is another effort from Celsius team to lower liquidation price to $14,000.
Do you think it is enough to save them? I don't believe so. If they have additional $200M to $400M to increase their collateral, they can be safe from this attack. I don't believe they have such money or be able to borrow such money from any entity.
It seems there is a very bad ending waiting for Celsius. I know if Celsius liquidated, it will be another fiasco for crypto market.
https://twitter.com/DylanLeClair_/status/1536806455394897923
After two rounds of deposit in WBTC, Celsius made another deposit in DAI that works $19M. It is another effort from Celsius team to lower liquidation price to $14,000.
Do you think it is enough to save them? I don't believe so. If they have additional $200M to $400M to increase their collateral, they can be safe from this attack. I don't believe they have such money or be able to borrow such money from any entity.
It seems there is a very bad ending waiting for Celsius. I know if Celsius liquidated, it will be another fiasco for crypto market.
If you have ever experienced margin trading and faced with liquidation, you will see that their position now is unsafe. Making additional deposits as efforts to protect your collateral, to avoid liquidation are something stupid, if the additional capital is not big enough.
In this case, it's a damn hell unsafe in my view.
I guess those that this benefits are the strong minded investors that bought the dip😁, I dare not because I knew how crypto besr market always feel like, every little penny will worth a lot more in your eye, bear market is always not easy.
