Got a BTC loan? This one metric makes all the difference👀
Bitcoin's down approx. 40% from >$126k to $77k. That means, if you've taken a loan against Bitcoin, your loan-to-value (LTV) ratio just moved with it.
This exact scenario played out in Q4 of last year. Through a 35% volatility range, Firefish users made 1,000+ proactive adjustments. Result? Zero liquidations.
What felt comfortable at the peak can feel tight right now. The difference between panic and control? Knowing exactly where you stand.
Three things that keep you safe:
1. Know your numbers in real-time
Your Collateral Health Indicator (CHI) shows exactly where you stand. 100% = fully healthy. As it approaches 0, it's time to act. No guessing, no surprises.
2. See it coming
On Firefish, margin calls trigger at 73%, 79%, and 86% LTV (or CHI 33%, 22%, 11%). You receive email alerts at each level. That's your signal to make a move before liquidation becomes a risk.
3. You control the outcome
Two options when you get a margin call:
• Top up collateral (add more BTC to your escrow)
• Pay down your loan (reduce your exposure)
The buffer matters. Firefish uses a conservative 50% LTV from the start. That's not restrictive, it's protective. It gives you room to breathe during drawdowns like this one.
Bitcoin's volatile. That's not changing (given it's history so far). Firefish is built around that reality. You're not avoiding the swings; you're managing through them with complete visibility into your position and the tools to adjust when needed.
Check your dashboard. Know your CHI. Stay proactive.
That's how you navigate this without losing sleep.
