corndalorian on Nostr: Then you sure as hell don’t want to have an outstanding loan against your bitcoin. ...

Then you sure as hell don’t want to have an outstanding loan against your bitcoin. You’d have to add more than half your original collateral (on top of the existing collateral) just to keep the loan at the minimum LTV ratio, at that’s best case scenario. Most likely your original bitcoin collateral got liquidated with a price drop that sharp.