In a significant development within the crypto market, two prominent **whales** are on the verge of **liquidation**, representing a cumulative **$84.4 million** stake in **ETH**. According to monitoring data from COINOTAG, one wallet, identified as **0xab7…e2313**, has **collateralized** **64,792 WETH** to secure a borrowing of **68.09 million DAI**, with a precarious **Health Factor** standing at **1.02**. Should the price dip to the **liquidation threshold** of **$1,786.65**, the position will be forcibly unwound. Additionally, another address, **0x6bb…830b3**, holds **60,810 WETH** as collateral against a larger **loan of 74.73 million DAI**, maintaining a **Health Factor** of **1.03** and a liquidation price set at **$1,781.99**. This situation underscores the volatile nature of cryptocurrency holdings and the potential risks inherent in leveraged trading during fluctuating market conditions.
Source: https://en.coinotag.com/breakingnews/eth-whales-face-liquidation-84-4-million-at-risk-as-market-prices-approach-critical-levels/