Bitcoin Price Metric Sees 'Undervaluation' As It Taps Three-Year Lows

Moonwell’s lending pools racked up about $1.78M in bad debt after a cbETH oracle mispriced the token at nearly $1 instead of around $2.2k, enabling bots and liquidators to drain collateral within hours of a misconfigured Chainlink-based update reportedly using…

Editor’s Analysis

Moonwell’s AI-coded oracle glitch misprices cbETH at $1, drains $1.78M continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.

This content is for informational purposes only and should not be taken as financial advice.

Credit Map: Andrew Folkler

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