Huo Xing Finance reports, according to crypto analyst Aunt Ai @ai_9684xtpa, a large whale address that used leveraged borrowing to go long on ETH was again liquidated early this morning when ETH dropped to $1,540, resulting in the liquidation of 6,667.13 ETH and repayment of $9.878 million in USDT debt. Data shows that the whale was collectively liquidated for a total of 21,798.13 ETH last night. Currently, the remaining collateral in its two addresses has declined to 82,871.28 ETH. Latest on-chain data indicates that the address starting with 0xc3f has $51,333.58 ETH remaining borrowed, with a liquidation price of $1,526.91; the address starting with 0x34d has $31,537.7 ETH remaining borrowed, with a liquidation price of $1,458.78.
Whale's leveraged ETH position liquidated for 6,667 ETH amid price decline
MarsBitShare
Summary
Whale activity trading saw a major ETH position liquidated as price action pushed ETH below $1,600. A large whale lost 6,667.13 ETH and 987.8 million USDT when ETH reached $1,540. Total liquidated ETH reached 21,798.13 overnight. Remaining collateral in two addresses totals 82,871.28 ETH. Address 0xc3f holds 51,333.58 ETH with a liquidation price of $1,526.91. Address 0x34d holds 31,537.7 ETH remaining, with a liquidation price of $1,458.78.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.