BTCS Sells ETH Below Cost to Manage $64.1M Aave Position

BTCS sold ether below its cost to manage collateral and the health of an Aave borrowing facility. According to Crypto Economy, the loan stood at $64.1 million, including accrued interest, on November 9 and was backed by 46,676 ETH valued at $99.3 million in the cited snapshot. The sale reduced collateral pressure without eliminating the underlying exposure to ether's price. The reported health factor was near 1.24, meaning the position remained above liquidation but was already operating with a relatively limited margin, according to Crypto Economy. That outlet placed liquidation near $1,717, while Crypto.news used the same approximate figure. The loss from selling below cost was not quantified in the supplied coverage, and Crypto Economy's truncated report did not provide further detail on the transaction. All three outlets corroborate the central mechanism: BTCS used an ETH sale at a loss to protect a roughly $64 million Aave loan. Crypto Economy and Crypto.news provide the more precise $64.1 million debt figure, while Crypto Daily rounds it to $64 million. Their emphasis differs, with Crypto Economy focusing on collateral health, Crypto.news highlighting liquidation risk and Crypto Daily directing attention to ether's technical position. Crypto Daily said ETH was just above support near $1,850 and that its RSI was oversold. Live pricing places ETH at $1,957.16, above that cited support level and above the reported $1,717 liquidation threshold, although the relationship between the two levels does not remove the broader market weakness evident in the seven-day decline. Aave was trading at $111.51, down 13.89% over seven days. The wider market backdrop was also unfavorable: total crypto market capitalization stood at $2.4 trillion, Bitcoin fell 5.06% over 24 hours, and the Fear & Greed index registered 20, labeled Extreme Fear. DeFiLlama reported Aave's total value locked at $15.68 billion, down 3.4% over seven days. The development matters because it shows how ETH price movements can force treasury companies to act before a position reaches liquidation. The reported liquidation threshold, collateral health factor and support near $1,850 are the principal figures to monitor as the loan and broader market conditions evolve.