Ethereum Whale Faces Liquidation Risk Amid Price Drop

According to BlockBeats, on-chain analyst Yu Jin has reported that a significant Ethereum holder is at risk of liquidation. The whale, holding 67,000 ETH, is just $100 away from the liquidation price of their Ethereum position. Earlier this month, the whale's position was nearly liquidated due to a drop in ETH prices. However, they managed to avoid liquidation by repaying some of their debt and reducing their position. Following this, a rebound in ETH prices temporarily alleviated the risk of liquidation. Despite the temporary relief, the whale has not taken any further actions to lower the liquidation price, such as adding more collateral or reducing their position. With ETH prices nearing previous lows, another $100 drop could trigger the liquidation of their holdings.