PANews reported on July 4 that according to Lookonchain monitoring, as the market fell, a whale who was long on ETH was facing liquidation risk. He deposited 12,734 ETH (worth $40 million) into Compound and borrowed $31.4 million in stablecoins, with a health rate of only 1.06. When the ETH price drops to $2,984, he will be liquidated.