Four whales were liquidated a total of 14,653 ETH this morning, causing ETH to drop by more than 20%
According to on-chain analyst Yu Jin, with the sharp drop this morning, some leveraged ETH whales on the chain were liquidated. The liquidation further pushed down the price, causing ETH's price to fall by more than 20%. Some of the whale addresses that were liquidated include: an address starting with 0x1111 was liquidated for 6,559 ETH to repay a loan of 277.9 WBTC; an address starting with 0x4196c was liquidated for 2,965 ETH to repay a loan of 7.2 million USDT; an address starting with 0x790c was liquidated for 2,771 ETH to repay a loan of 6.06 million USDC; and an address starting with 0x5de64 was liquidated for 2,358 ETH to repay a loan of about five point one seven million USDC.
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