A certain ETH whale was forced to liquidate part of their position, selling 238 ETH to receive 488,000 DAI for repayment.
BlockBeats News, February 5th. According to Ember Group monitoring, as Ethereum dropped to the $2000 level, a whale holding a large leveraged position was forced to liquidate. The investor had collateralized 23,800 ETH (worth around $48.56 million) to borrow 35.27 million DAI, with a liquidation price of $1800.
With the current price only $250 away from the liquidation line, the whale has urgently sold 238 ETH to obtain 488,000 DAI for repayment.
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
BTC surpasses $71,000
Euro Falls as US Dollar gains on inflation concerns, Fed rate hike bets
AMD (AMD.US) Enters the "Trillion-Dollar Quantum Track": Partners with PsiQuantum to Develop Fault-Tolerant, Practical-Scale Quantum Infrastructure and Plans to Invest
AMD announced that it has expanded its partnership with PsiQuantum to jointly design infrastructure capable of supporting the operation of fault-tolerant, practical-scale quantum computers.
While the industry faces turmoil, "Nvidia-backed" Nscale presses ahead for NYSE listing! New IPO prospectus reveals 1,344% surge in revenue but a quarterly net loss of $1.69 billion
Nscale, a "New Cloud" provider backed by Nvidia, submitted its latest filing for an initial public offering (IPO) in the United States on Thursday.
Crypto prices
More
