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ethereum's price fluctuations have placed whales in Makerdao in a vulnerable position, with an combined eth of 125,603 worth around $ 238 million at the risk of liquidation.
Data tracked by blockchain analytics platform lookonchain <a target="_blank" href="https://x.com/lookonchain/status/1905842625242104073″ target=”_blank” rel=”noopener nofollow noreferrer”>shows That whale, which controls around 64,793 eth, is close to its liquidation price of $ 1,787.
With eth contributing to $ 1,841 at the time of the publication, this whale is only $ 54 of its liquidation price.
The merchant avoided the liquidation on March 11 by partially paying his debt after a strong eth price drop.
However, the current recession has once again put its position in danger, with the health rate now in 1.04. Continuous prices decreases could trigger automatic settlement.
Another whale deposited 60,810 eth As a guarantee to borrow 75.69 million DAI, with a liquidation threshold of $ 1,805. The position faces automatic liquidation if eth prices fall below this level.
eth is submerged below $ 1,900 in the ETF drag, dump of computer pirates and market drop
ethereum has fallen below $ 1,900, registering a 6% decrease in the last seven days in the midst of turbulence throughout the market. In addition to that, a series of negative catalysts have weighed a lot in the price of crypto.
The increase in inflation fears and disappoint the economic data of the United States has led investors to reduce exposure to risk assets, including cryptography assets. The announcement of President Trump of reciprocal rates that will enter into force on April 2 has further increased market uncertainty.
bitcoin briefly fell below $ 82,000 in the early negotiation of Saturday before recovering slightly at $ 82,800.
Currently, btc quotes around $ 82,400, reflecting a decrease of almost 2% during the past week, according to TrainingView data. bitcoin's setback is also dragging Altcoins, including ethereum.
In the ETF market, ethereum Spot's funds that are with the American list showed a continuous slow yield.
According to Farside investors <a target="_blank" href="https://farside.co.uk/ethereum-etf-flow-all-data/” target=”_blank” rel=”noopener nofollow noreferrer”>dataBetween March 5 and March 27, investors obtained more than $ 400 million from these funds. The trend was reversed yesterday when the ETFs collectively attracted in almost $ 5.
While slow absorption has decreased investor enthusiasm, there is an anticipation that the potential to enable the rethinking characteristic could help increase the demand of ETF. Several ETF managers seek the approval of the SC to add the rethinking to their existing ethereum ethereum ETF.
Another factor that potentially influences the price of eth is the total sale caused by a hacker that throws a large amount of stolen ethereum.
According to an early report from Lookonchain, the computer pirates recently downloaded 14,064 ethereum by Thorchain and Chainflip.
<blockquote class="twitter-tweet” data-width=”500″ data-dnt=”true” wp_automatic_readability=”9.1776315789474″>
Computer pirates are dumping <a target="_blank" href="https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$ eth!
2 new wallets (probably related to hackers) received 14,064 <a target="_blank" href="https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$ eth of <a target="_blank" href="https://twitter.com/hashtag/THORChain?src=hash&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>#Thorkchain and <a target="_blank" href="https://twitter.com/hashtag/Chainflip?src=hash&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>#Chainflipthen thrown by 27.5m <a target="_blank" href="https://twitter.com/search?q=%24DAI&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$ Dai at an average sale price of $ 1,956.https://t.co/hsp1prgpulhttps://t.co/6axvl6d7dg pic.twitter.com/7royCGMDWD
– Lookonchain (@lookonchain) <a target="_blank" href="https://twitter.com/lookonchain/status/1905538785175019893?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>March 28, 2025
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