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A certain ETH whale was forced to liquidate part of their position, selling 238 ETH to receive 488,000 DAI for repayment.
BlockBeats News, February 5th. According to Ember Group monitoring, as Ethereum dropped to the $2000 level, a whale holding a large leveraged position was forced to liquidate. The investor had collateralized 23,800 ETH (worth around $48.56 million) to borrow 35.27 million DAI, with a liquidation price of $1800.
With the current price only $250 away from the liquidation line, the whale has urgently sold 238 ETH to obtain 488,000 DAI for repayment.
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