This is again, nonsensical. As I pointed out above, Bitcoin dropped about 30% from May to June. If the loan was overcollateralized by 30% before that 30% drop,

This is again, nonsensical. As I pointed out above, Bitcoin dropped about 30% from May to June. If the loan was overcollateralized by 30% before that 30% drop, then they'd have been able to liquidate without losses. The equity is a loss, but that's not what I took issue is, which is your evidence free claim that there was a loss on the loan.