The price of ETH fell below the liquidation price of some two-digit whales several times last night
According to on-chain analyst Yu Jing, the price of ETH fell several times last night below the liquidation price of two whales at the brink of liquidation.
However, after falling, it quickly rebounded without actually breaking through. After the oracle updated its prices, they did not fall below the liquidation price, so no liquidation occurred.
The "whale on the verge of being liquidated with 64.8k ETH" has fallen to his liquidation price several times but he has not taken any action to lower his liquidation price. His current liquidation price is $1788 and the current ETH price is only a few dollars away from his clearing value - extremely dangerous; The "whale on the verge of being cleared with 60.8k ETH" added 2600ETH collateral and repaid 320k DAI last night, reducing their loan position's clearing value for now down to $1701 for their current 63.4K ETH . They have temporarily escaped from "ICU".
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.
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