Ethereum Whale Faces $109 Million Liquidation Risk as Market Price Drops

On March 11th, COINOTAG News reported significant activity in the Maker ecosystem as a major whale faces liquidation involving approximately 60,810 ETH, valued at around $109 million. The critical liquidation threshold for Ethereum has been set at $1798.64, while market fluctuations saw prices drop to a low of $1791. Notably, the Ethereum price feed integrated within the Maker platform remains unupdated, providing this whale with a brief window to mitigate potential losses by bolstering collateral. This development highlights the volatility inherent in the cryptocurrency market and underscores the need for prudent risk management strategies among large holders. As Ethereum continues to demonstrate rapid price movements, stakeholders should monitor these events closely to navigate the complexities of digital asset liquidity and valuation.