Odaily News According to @EmberCN's monitoring, the price of ETH has fallen sharply. In order to avoid liquidation, the whale who was long on ETH through revolving loans sold 5,094 ETH again, exchanging them for about 7.49 million USDT at an average price of $1,471 to repay the loan, reducing the liquidation price of the Aave position to $1,246.
Previously, on March 11, the whale also sold 25,800 ETH when ETH plummeted, realizing a loss of up to $31.75 million in a single transaction. The two operations cumulatively resulted in a loss of about $40 million in ETH.
It is reported that the whale built a position of ETH through leverage at an average price of US$3,084 in July 2024. It currently still holds about 30,000 ETH on Aave, and the risk remains high.