Overview

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Yesterday the liquidation price was $8,838.57 when Celsius paid off a $50 million BTC loan and it fell to $4966.99 when it paid another $64 million. With the latest $40.8 With the loan repayments, Celsius’ liquidation price on its Wrapped Bitcoin (wBTC) loan has dropped to $4,966.99 Bitcoin (BTC). The liquidation price reportedly fell by T he Celsius Network has now paid off another $50 million of its Bitcoin loan, meaning that the digital currency lending platform is still on the journey to repay the remaining Earlier today, as per the data received from Block Analitica, Celsius repaid $50 million towards its Bitcoin loan. Exactly 3 hours and 25 minutes later, the crypto lending Celsius Network repays a $50 million bitcoin loan, reducing its liquidation price to $8,839.57. According to the data from Block Analitica, Celsius has paid off $50 million today Celsius Network has completely paid off its Bitcoin loan and thus resetting its liquidation price back to zero. According to DeFiExplore.com, Celsius Network paid a total of The transactions which have been tracked to vault that is linked to Celsius show that the firm repaid a $50 million Bitcoin loan on Monday lowering its BTC Celsius’ liquidation price drops to $4,966. It was previously $8,838 earlier in the day and $12,243 as of last Thursday. On July 3, the crypto lender paid $50 million to offset an JUST IN: Celsius Network has paid off another $50 million towards its Bitcoin loan. Their liquidation price has dropped to $8,840. Celsius es una de las empresas de

Celsius Network Pays Off $50 Million Bitcoin Loan: Liquidation Price Drops Below $8,840

The Celsius Network continues its efforts to stabilize its position in the volatile cryptocurrency market. Yesterday, reports confirmed Celsius repaid $50 million towards its Bitcoin loan. This significant move had a direct and positive impact on its liquidation price, bringing it down to $8,839.57. Just hours later, Celsius repaid another $64 million, further reducing the liquidation price. Earlier today, data from Block Analitica confirmed the $50 million repayment, continuing a trend seen over the past few days.

Liquidation Price Significantly Reduced

This isn't the first time Celsius has made such a move. Previously, the liquidation price stood at $12,243 as of last Thursday. Through strategic loan repayments, Celsius' liquidation price on its Wrapped Bitcoin (wBTC) loan has dramatically decreased. As of the latest update, Celsius’ liquidation price drops to $4,966.99 Bitcoin (BTC). This significant drop provides a much-needed buffer against potential market downturns.

A Journey to Repay Remaining Debt

T he Celsius Network has now paid off another $50 million of its Bitcoin loan, meaning that the digital currency lending platform is still on the journey to repay the remaining. These recent transactions, tracked to a vault linked to Celsius, demonstrate a commitment to financial recovery. Previously, paying off a $50 million BTC loan resulted in the liquidation price falling to $4966.99. The most recent $50 million repayment has reset the liquidation price closer to $8,840.

Celsius Network's Strategy

On July 3rd, the crypto lender paid $50 million to offset an earlier position. While Celsius Network has not completely paid off its Bitcoin loan and thus resetting its liquidation price back to zero, the consistent repayments are a positive sign. According to DeFiExplore.com, Celsius Network paid a total of a substantial amount over recent days. These strategic actions suggest a calculated approach to navigating the current crypto climate.

Key Takeaways:

  • Celsius Network repays a $50 million bitcoin loan.
  • The repayment significantly reduces its liquidation price to $8,839.57.
  • Celsius’ liquidation price previously dropped to $4,966.
  • Celsius es una de las empresas de showing their global presence.

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