Ether whale narrowly avoids liquidation of $117M position
Ether holders continue to monitor two dicey ‘whale’ positions that came dangerously close to liquidation yesterday, with a combined $229M worth of collateral at risk. Following another rough weekend, which saw ETH slide around 10%, liquidating such large quantities would be sure to send the token even lower still. After hitting a four-year low against Bitcoin towards the back end of last week, ETH has since slid even further, to a 5-year low. The 125,603 $ETH($229M) held by these two whales on #Maker is at risk of liquidation! The liquidation price is $1,787.75 and $1,701.54.https://t.co/OsRc23ptV8https://t.co/nbAL9cAnkv pic.twitter.com/xUn6iOW19B — Lookonchain (@lookonchain) March 31, 2025 Read more : ETH crashes to four-year low against BTC The slightly smaller of the two positions (63k ETH, worth $114M) was being actively managed over the weekend, adding a total of 2,600 ETH of collateral and repaying some debt to bring its liquidation price down to $1...