Understanding Unexpected LTV Increase After Asset Transfer in Crypto Loans

I'm curious about how the loan-to-value (LTV) ratio changes in my scenario. Suppose I have a $900 loan and a portfolio consisting of BTC, USDC, and Nexo tokens. If I transfer all my non-stable coin assets into a savings account and move 110% of the loan's value in USDC into the USDC credit wallet, I notice the LTV jumps dramatically to 31%. I would expect it to be around 10%.

It seems like the LTV calculation is influenced by specific factors such as the current value of my crypto holdings, the collateralization policies, and how the platform assesses the quality of assets. Transferring assets between wallets and accounts can sometimes trigger changes in the platform's valuation models, potentially leading to an unexpected increase in the LTV ratio.

Understanding the exact mechanics requires examining the platform's rules for asset valuation and how credit and collateral are tracked. The jump to 31% suggests that either the value of my assets decreased, or the platform's risk assessment adjusted due to the transfer actions.

It is essential to check the platform's documentation and maybe consult customer support to clarify why such a shift occurs, especially since the change appears disproportionate to the actions taken.