A whale’s $40 million Ethereum position is on the verge of liquidation, with a liquidation price of $2,984

According to TechFlow, on July 4, according to Lookonchain monitoring, as the market fell, a whale holding a large amount of Ethereum faced liquidation risk. The whale deposited 12,734 ETH (about 40 million US dollars) on Compound and borrowed 31.4 million US dollars in stablecoins. The current health rate is only 1.06. When the ETH price falls to 2,984 US dollars, the whale will be liquidated.