NEWSLETTER
An unidentified crylena of cryptocurrencies injected millions of dollars into emergency capital to avoid possible liquidation of more than $ 300 million in ether, since the markets fell in the middle of a renewed macroeconomic pressure.
According to reports, the whale is close to the liquidation in a 220,000 (eth) ether position in Makerdao, a decentralized finance loan platform (DEFI). To avoid liquidation, the investor deposited 10,000 eth, worth more than $ 14.5 million, and 3.54 million DAI (DAI) to raise the liquidation price of the position, the Blockchain Lookonchain analysis firm <a target="_blank" data-ct-non-breakable="null" href="https://x.com/lookonchain/status/1909147612743397440/photo/2#” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/lookonchain/status/1909147612743397440/photo/2#”>saying In a April 7 publication in x.
“If $ eth falls to $ 1,119.3, the 220,000 $ eth ($ 340 million) will be settled.”
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/lookonchain/status/1909147612743397440/photo/2#” rel=”null” target=”null” text=”null” title=”https://x.com/lookonchain/status/1909147612743397440/photo/2#”>Lookonchain
The development occurred hours after another Ether investor was liquidated for more than $ 106 million in the Decentralized Finance Loans (Defi) Sky platform.
The whale lost more than 67,000 eth when the asset crashed around 14% on April 6. The Sky system uses a relationship on collateralization, typically of 150% or more, which means that users must deposit at least $ 150 in eth to borrow 100 DAI.
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According to Coinglass data, more than 446,000 positions have been settled in the last 24 hours, with total losses that exceed $ 1.36 billion. That includes $ 1.21 billion in long positions and $ 152 million in shorts.
Cryptographic market settlements, 24 hours. Fountain: Horn
The largest individual settlement was a bitcoin (btc) position of $ 7 million in crypto Exchange OKX.
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crypto Markets crashes after Trump's rates announcement, but 70% of the recovery possibilities for June
The president of the United States, Donald Trump, announced his reciprocal import tariffs on April 2, which sent tremors in global markets, which led to a loss of $ 5 billion by S&P 500, its largest drop of two days recorded.
Even so, the tariff announcement can finally end the global uncertainty that affects traditional and digital markets during the last two months.
“In my opinion, tariffs are the representation of uncertainty in the markets,” Michaël Van de Poppe, founder of MN Consultancy, told Cointelegraph. “The day of liberation is basically the peak of that period, the climax of uncertainty. Now it is outdoors. Everyone knows the new field of play.”
The end of uncertainty related to the rate can bring the beginning of a “rotation towards cryptographic markets”, since investors will begin to buy the sauce as digital assets “undervalue,” said Van de Poppe.
The Nansen cryptographic intelligence firm also estimated a 70% probability that the market can see in June, depending on how tariff negotiations evolve.
https://www.youtube.com/watch?v=esb74Syk828
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