According to on-chain analyst @ai_9684xtpa, as reported , ETH has fallen nearly 5% since 11 pm last night. The health of the Maker owned by the ETH whale, which has had a 100% success rate since November, has dropped to 1.03. To avoid being liquidated, the whale has been trading frequently.
- Selling to repay debt: At 23:06 last night (when ETH began to fall), the whale sold 851 ETH at an average price of $2,379 to repay a loan of 2 million DAI.
- Adding to positions to lower the cost: Over the next two hours, as ETH continued to fall, the whale took the risk of adding 6,203 ETH (worth $14.56 million) at an average price of $2,347.
The whale currently holds a total of 20,714 ETH with an average cost of approximately $2,374. It is important to note that leveraging to add to positions carries significant risks, and the whale's Maker health is now only 1.02, facing significant liquidation risks.
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