The post Whale Poised to Liquidate 5,472.8 ETH on Compound: A $6.65 Million Loss Explained appeared on BitcoinEthereumNews.com.

In a significant development highlighted by COINOTAG News on March 9th, analytics from Onchain Lens indicate that a substantial market participant, often referred to as a ‘whale,’ stands on the brink of liquidating 5,472.8 ETH via the Compound finance platform. This upcoming liquidation, valued at approximately $11.92 million, comes with a precarious health factor of 1.17, placing the liquidation threshold at around $1863 per ETH. Over the past 8 to 9 months, this whale collateralized these assets valued at $18.47 million, reflecting a staggering depreciation of $6.65 million based on current market dynamics. Such drastic fluctuations underscore the inherent volatility in the cryptocurrency market and the risks associated with high-leverage financial strategies. Source: https://en.coinotag.com/breakingnews/whale-poised-to-liquidate-5472-8-eth-on-compound-a-6-65-million-loss-explained/

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Filed under: News - @ March 9, 2025 9:27 am