Whale on Edge: 67,000 ETH at Risk of Liquidation as Prices Dip Again

According to recent insights from on-chain analyst Yu Jin, a significant crypto whale with a holding of 67,000 ETH is nearing potential liquidation, with the threshold currently set just $35 away. This situation mirrors events from March 11, when the value of this whale’s ETH position faced imminent liquidation due to a substantial devaluation in Ethereum prices. After implementing measures such as repaying debts and strategically reducing the position, the whale avoided the immediate threat. Although the subsequent rebound in ETH temporarily alleviated the risk, no additional actions—such as increasing collateral or further trimming the position—have been undertaken to stabilize the liquidation price. As Ethereum experiences another dip, analysts warn that a further decrease of $100 could reignite liquidation concerns for this major stakeholder, highlighting the inherent volatility within the cryptocurrency market.