according to Spot On Chain monitoring, a whale provided 56,995 WETH (valued at about $90.8 million) on Maker to borrow DAI, which is currently close to being liquidated at a price of $1,564.58. Earlier today, due to a price crash, another whale has already liquidated 67,569 ETH at a price of $1,650 (worth $106 million) to repay a $74.49 million loan. In the past 24 hours, the cryptocurrency market has liquidated a total of $898 million, with most of it coming from long positions.
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The whale that provided 56,995 WETH to borrow DAI on Maker is on the verge of liquidation
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