Since November, the win rate of ETH whale Maker has been 100%, but its health level has dropped to 1.02, facing a significant risk of liquidation
Bitget2023/12/30 05:40
According to on-chain analyst @ai_9684xtpa, ETH fell nearly 5% from 11pm last night. The Maker health of the ETH whale, who has had a 100% win rate since November, dropped to 1.03. To avoid being liquidated, he traded frequently again.
- Debt repayment by selling: At 23:06 last night (when ETH just started to fall), he sold 851 ETH at an average price of $2379 per coin and repaid a loan of two million DAI.
- Adding positions to lower costs: In the following two hours as ETH continued to fall, the whale chose to take risks and added another position of 6203 ETH (worth $14.56 million) with an average purchase price of $2347 per coin; Currently this whale holds a total of 20,714 ETH with an average cost around $2374 per coin;
It should be noted that leveraging additional positions brings significant risk - his Maker health is only left at 1.02 which faces high liquidation risk.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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