Large holders adjust Maker loan Position, depositing 10,000 ETH to drop the liquidation price.

According to Gate.io News bot, on-chain data shows that a large holder with 220,000 ETH (worth about $340 million) has made a new move on the Maker platform. This holder repaid 3.52 million DAI and simultaneously deposited 10,000 ETH, lowering the liquidation price of the position to $1,119.3.

According to the data, when the ETH price hits $1,119.3, the $340 million worth of 220,000 ETH positions will be liquidated.