Whale's Massive ETH Sale Sparks Market Watch
According to blockchain monitoring data, on February 6, a crypto whale initiated a large-scale ETH sale. Starting at the $2,050 price level, it sold 27,800 ETH to raise 44.14 million USDT for debt repayment.
Liquidation Threshold Drops to $1,560
Following this significant sale, the whale’s loan position on Spark has changed dramatically. It currently holds 9,810 ETH (worth approximately $18.66 million) with a remaining debt of 12.83 million DAI.
As a result, the liquidation price for this position has been reduced from $1,800 to $1,560, bringing it closer to critical market thresholds and increasing investor concerns.
Market Impact and Potential Volatility
Given the crypto market’s sensitivity to large-scale liquidations, such movements often trigger chain reactions. Analysts warn that with rising position risks, market volatility could increase. Investors are advised to closely monitor ETH price movements and liquidation risks to adjust strategies accordingly.