130,000 ETH are hanging in liquidation, with liquidation lines at 1356 and 1170—another 15% drop and it’s game over.

CoinWorld News reports that, according to on-chain analyst Yu Jin’s monitoring, a whale borrowed 100 million USDT via AAVE during ETH’s decline, buying 59.7k ETH at an average purchase price of approximately $1,681. Based on the current price, this portion of the position is currently down by about $6 million (unrealized loss). Currently, the whale holds a total of 133,800 ETH, valued at approximately $212 million, and the liquidation prices of its two lending positions are $1,356 and $1,170 respectively. If ETH continues to fall, the related leveraged positions still face liquidation risk.