A whale’s $40 million Ethereum position may face liquidation
Lookonchain monitoring shows that as the market is falling, a certain Ethereum whale is about to face liquidation. They had previously deposited 12,734 ETH ($40 million) into Compound and borrowed 31.4 million stablecoins, with a health factor of only 1.06. When the price of ETH drops to $2,984, they will be liquidated.
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In the past 24 hours, the entire network has liquidated 322 million US dollars, mainly short orders
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