According to on-chain analyst Yujin, ETH dropped to a low of $1,540 overnight, triggering the liquidation of a whale’s position at the liquidation price of $1,565, resulting in the liquidation of 21,540 ETH, worth approximately $33.7 million. After this liquidation, the price rebounded immediately and did not fall further. The whale’s current leveraged position still holds 82,871 ETH (approximately $132 million), with two remaining liquidation levels at $1,527 and $1,459—just about $70 below the current price. If the price continues to decline, there remains a risk of further liquidation.
ETH drops to $1,540 as a $33.7M whale position is liquidated
TechFlowShare
Summary
ETH price dropped to $1,540 early Monday, triggering the liquidation of a whale’s $33.7 million position at $1,565. A total of 21,540 ETH was liquidated before the price recovered. Whale activity remains strong, as the same entity still holds 82,871 ETH (approximately $132 million) in leveraged positions. Remaining liquidation levels are at $1,527 and $1,459—just $70 below the current ETH price. Further declines could trigger additional whale liquidations.
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