Once the $1,600 defense line is broken, 24 million ETH instantly evaporate.


Playing with leverage is more exciting than DeFi protocols.
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CoinNetwork
CryptoWorld News reports that, according to PeckShield, address 0x34d1...4ac1 was liquidated. The liquidation amount was approximately 15,000 ETH, worth about $24 million. This liquidation took place after the Ethereum price fell below $1,600. The address still holds 31,500 WETH supply and a USDT loan of $38 million, valued at approximately $11.84 million.
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