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6.7K ETH Whale on the Verge of Liquidation with Liquidation Price of Only $35 per ETH

2 days ago

On March 29th, according to on-chain analyst Yu Jin, a whale holding 67,000 ETH is on the verge of being liquidated. The liquidation price of its ETH position is only $35 away. On March 11th, due to the decline in the ETH price, this whale's 67,000 ETH position was on the brink of liquidation. By repaying and reducing the position, the whale managed to avoid liquidation. The subsequent rebound of ETH temporarily removed the position from the liquidation risk. There were no further actions such as adding collateral or reducing the position to lower the liquidation price. Now that ETH is dropping again, if it drops by another $100, the position will face liquidation once more.
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