A major Ethereum whale is at risk of forced liquidation by holding large amounts of Ethereum in its credit protocol. This whale deposited 12,734 ETH into Compound, providing collateral worth approximately $40 million. This move allowed the whale to borrow $31.4 million in stablecoins. However, rapidly falling Ethereum prices pose a serious risk.
Market Volatility and Liquidation Danger
The decline in Ethereum's market value has brought the whale's health rate closer to the critical level of 1.06. When Ethereum drops to $2,984, automatic liquidation will occur and a forced sale of assets will occur. This situation reveals the dual risks of leverage and market volatility in cryptocurrency investments. Latest data shows that Ethereum is trading at around $3,125 and has lost significant value over the past month, reflecting the general market decline that has also affected Bitcoin.
Long-Term Investors and Market Sentiment
While short-term pressures are increasing, long-term Ethereum investors remain optimistic and hold approximately 78% of the cryptocurrency's circulating supply. According to IntoTheBlock data, these investors continue to increase their positions despite the market's recent poor performance. Ethereum is largely held by long-term investors, indicating belief in its future potential and reducing selling pressure in the short term.
Outflows in Investment Products
Unlike long-term investors, there have been significant outflows in investment products focused on Ethereum. There has been an outflow of approximately $60 million from these products in recent days, and this has been recorded as the largest outflow seen in almost two years. This difference reflects the difference in sentiment between retail investors and institutional participants. Institutional participants may be reallocating their resources, possibly amid broader economic uncertainties.
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