ETH Whales at Risk: Insights on Liquidation Thresholds and Recent Market Movements

According to a recent report from COINOTAG on March 31, monitoring by EmberCN reveals significant movements involving two major Ethereum whales. The first, holding 64.8k ETH, is perilously positioned as its liquidation threshold gravitates around $1788. Notably, even as ETH prices hovered near this critical point, no action was reported from the whale, indicating a remarkably risky scenario. Meanwhile, another whale, with approximately 60.8k ETH, demonstrated a proactive approach by augmenting its holdings with an additional 2600 ETH as collateral while also settling 320k DAI. This strategy effectively lowered its liquidation price to $1701. Despite recent fluctuations where ETH’s value dipped beneath these liquidation thresholds, the market exhibited resilience, quickly rebounding and preventing actual liquidation events from materializing, post oracle price updates.