If ETH drops to $1,555, a whale’s leveraged long position of 58,000 ETH on Aave will be liquidated.
According to Odaily, on-chain analyst Yu Jin has monitored that if ETH drops another 40 dollars to 1,555 dollars, a whale address on Aave will have 58,000 ETH liquidated, which were longed using leveraged loans. This position is worth 93.66 million dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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