The whale on the verge of liquidation reduced its position by 2,882 ETH to repay the loan, and the liquidation price dropped to $1,781
According to Ember monitoring, a whale holding 67,000 ETH reduced its position by 2,882 ETH (about 5.21 million DAI) for repayment before the 10 o'clock oracle price update, lowering the liquidation price from $1,798 to $1,781. Currently, the ETH price has rebounded, and the latest oracle price is also higher than its liquidation line, temporarily avoiding the risk of forced liquidation for the whale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PayPal Expands Portfolio with Solana and Chainlink Aiming for Greater Cryptocurrency Flexibility
Altcoin volumes are ‘more concentrated’ than ever
Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders
XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline
US Treasury Targets Houthi Crypto Wallets, Financial Network
Trending news
MoreCrypto prices
More
