Two 'whale' positions with 125K ETH are dangerously close to liquidation

The Giant Whale Ethereum position has passed the thrilling level! Collateral worth $229 million was once faced with liquidation risks.

Yesterday, two large Ethereum positions almost triggered liquidation on Sky's decentralized lending protocol, with a total of $229 million in collateral in jeopardy. One of the smaller positions, which contained 63,000 ETH (approximately $114 million), was actively risk management over the weekend, adding 2,600 ETH collateral and paying off some of the debt, reducing the liquidation price to $1,702.

However, another larger position (65,000 ETH, about $117 million) has sparked market concerns. The position has not been managed in any risk in the past three weeks, and its liquidation price once soared to $1,787 amid weak Ethereum prices, while Sky's oracle price is $1,784, which will trigger liquidation if it needs to rise by just $3. In the end, the user paid back $1.6 million in Dai stablecoin loans in a few minutes, reducing the liquidation price to $1,745, and saving the risk.

According to Defilama data, the number of leveraged Ethereum positions has dropped by 10% in the past 24 hours. The market closely monitors the trends of these giant whales' positions and the risks that may arise in the future.

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