Three Major Ethereum Whales Face Liquidation Risks

According to a recent analysis of Ethereum (ETH) on-chain data, three major whales are facing significant liquidation risks. These whales, holding a total of 345,000 ETH, have long positions in the cryptocurrency.

The first whale has been holding onto its long position since February and has $210 million worth of collateral locked up. Its current health status is at 1.16, indicating that it may be at risk of liquidation if prices drop further.

The second whale is affiliated with the Bit entity and has a long position worth $188 million. Unfortunately, this whale has already incurred an unrealized loss of $84.48 million due to the price fluctuations.

The third whale has been holding its long position for over five years and currently has $113 million in collateral locked up with Aave. This whale has also been affected by the price drop, having already liquidated 31,915.13 ETH at a price of $1,472.12.