Celsius Has Paid Down $47.1M in Dai in the last few hours! WBTC Liquidation level down to $14,000 with a 233% Collateral / Loan Ratio; CEL up 100%+

Celsius is making moves! In addition to the added collateral yesterday, they've paid down $47.1M on a loan against almost 24,000 BTC. They looked close to liquidation yesterday, but are looking much, much safer now. And the market is taking notice! CEL is up over 100% today.

While potentially satisfying for the "not your keys, not your coins" crowd, Celsius going down and liquidating its assets will only hurt crypto, CEFI, and DEFI. Investor sentiment is based on confidence. This appears really only be a liquidity crisis that is being addressed. This is some much needed great news. Go, Mashinksy, Go!

Details of the loan: https://defiexplore.com/cdp/25977