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Ethereum Whales Are Struggling Not to Get Liquidated: Still, These Prices Are Critical! - Coin Bulletin
Ethereum (ETH) price drop has prompted large whales to take action. Two major whales with ETH positions on platforms like Maker and Aave have taken significant steps to reduce liquidation risk.
A whale holding 270,000 ETH ( worth approximately 404 million dollars) on the Maker platform, 0x7d6, repaid 3.52 million DAI and deposited 60,000 ETH, reducing the liquidation price to $912.03. With this move, if the value of ETH drops by 39.17%, this whale's position could be liquidated.
On the Aave platform, the whale 0xab7**, which holds 49,018 ETH (yaklaşık 72 million dolar), sold 7,976 ETH (yaklaşık 11.56 million dolar), reducing its debt level. However, if ETH's price falls below the $1,418.34 level, it will still be at risk of liquidation.
The total liquidation amount that occurred in the crypto market in the last 24 hours exceeded 1.37 billion dollars. This situation indicates that large whales are implementing aggressive strategies to minimize their risks.