According to crypto analyst Ai Yi @ai_9684xtpa, a large whale address that used leveraged borrowing to go long on ETH was liquidated at 1:40 AM when ETH dropped to $1,540, resulting in the liquidation of 6,667.13 ETH and the repayment of $9.88 million in USDT loans. Data shows that the whale was collectively liquidated for 21,800 ETH last night, and the remaining collateral in its two addresses has now decreased to 82,900 ETH. Latest on-chain data indicates that the address starting with 0xc3f has $51,300 ETH remaining borrowed, with a liquidation price of $1,526.91; the address starting with 0x34d has $31,500 ETH remaining borrowed, with a liquidation price of $1,458.78.
Whale address liquidated 21,800 ETH amid ETH price drop to $1,540
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Summary
ETH price fell to $1,540 after a whale address was liquidated for 21,800 ETH overnight. According to AiCoin, the position consisted of 6,667.13 ETH and required repayment of 9.88 million USDT. The remaining collateral across two addresses totals 82,900 ETH. The 0xc3f address holds 51,300 ETH with a liquidation price of $1,526.91, while the 0x34d address holds 31,500 ETH at a liquidation price of $1,458.78. ETH analysis suggests further volatility is likely.
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