6.7K ETH Whale on the Verge of Liquidation with Liquidation Price of Only $35 per ETH

BlockBeats News, March 29th, according to on-chain analyst Yu Jin, a whale holding 67,000 ETH is on the brink of liquidation, with the liquidation price of its ETH position only $35 away.

On March 11th, this whale's 67,000 ETH position was on the verge of liquidation due to the drop in ETH price. Through repayment and reducing the position, the whale managed to avoid liquidation. The subsequent ETH rebound temporarily removed the position from the liquidation risk. There were no further actions taken such as adding collateral or reducing the position to lower the liquidation price. Now that ETH is dropping again, if it drops by another $100, the position will face liquidation once more.