A certain ETH lending whale's position is approaching the liquidation line, selling 238 ETH to exchange for 488,000 DAI to repay the loan
2026-02-05 13:51
Odaily News According to on-chain analyst Yu Jin's monitoring, a certain ETH lending whale's position is nearing the liquidation line. He collateralized 23,800 ETH ($48.56 million) on Spark (@sparkdotfi
) and borrowed 35.27 million DAI. The liquidation price for his position is at $1,800. As ETH dropped to the $2K threshold, leaving only a $250 gap from his liquidation price, he was forced to start cutting losses and reducing his position: he just sold 238 ETH to exchange for 488,000 DAI to repay part of the loan. If the price continues to fall, he will have to keep selling ETH to lower the liquidation price.
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