Sleeping for five years and not continuing to sleep properly, insisting on waking up, this time feeling comfortable, exploded

A certain whale was liquidated again, 10,117 ETH, with total liquidations since last night reaching 31,915 ETH
This whale woke up four months ago after five years of dormancy, using cyclical loans to go long ETH, currently collateralized with over 100k ETH and borrowed $135 million. Its position has been under continuous pressure as ETH price drops, with over 30k ETH liquidated from last night to today, and the remaining liquidation price range for the position is concentrated between $1,450 and $1,470.
It is worth noting that during the price decline, another whale has been continuously buying ETH by borrowing 100 million USDT on Aave, with an average cost of about $1,681, currently floating at a loss of approximately $6 million. This indicates significant market disagreement on ETH’s future, with leveraged longs engaging in real-time on-chain battles.
The current liquidation price is very close to the market price; if ETH price further drops to around $1,450, it may trigger a new round of large-scale on-chain liquidations, testing market liquidity.
On June 6, a certain whale holding a long position worth $168 million in ETH was liquidated again, with 10,117 ETH. Since last night, the total liquidated amount for this position has risen to 31,915.13 ETH. The updated liquidation prices for the remaining borrowed positions are as follows:
· Address 0xc3f…931e4: Borrowed 41,167.63 ETH, liquidation price at $1,472.09;
· Address 0x34d…c4ac1: Borrowed 31,537.7 ETH, liquidation price at $1,458.78.
If ETH continues to decline into the above ranges, related positions still face further liquidation risks. $ETH
{spot}(ETHUSDT)