CRYPTO MARKET ALERT: $40 MILLION ETHEREUM WHALE AT RISK OF LIQUIDATION
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An Ethereum whale is on the brink of liquidation due to the recent market slump. According to Lookonchain, a blockchain analysis platform, this whale's long position in Ethereum (ETH) is at serious risk if prices continue to drop.
KEY DETAILS:
- 12,734 ETH (approximately $40 million) deposited into Compound
- $31.4 million in stablecoins borrowed against ETH collateral
- Liquidation price: $2,984
- Current ETH price: $3,137 (down 4.9% in 24 hours)
- Recent market liquidations: $293.9 million (with $259 million being long positions)
MARKET VOLATILITY HIGHLIGHTS RISKS
This situation underscores the risks and volatility inherent in cryptocurrency investments, even for large-scale investors. Stay informed and cautious in these turbulent times.