Major Liquidation Risks on Ethereum, Whales are Shaking

Ethereum has fallen below $1,900, recording a 6% decrease compared to last week. This decline poses a risk to some important positions on MakerDAO with over $238 million potentially at risk. Ethereum Whale Alert Due to Liquidation Risk Recent fluctuations in the price of Ethereum have put some large investors in a particularly vulnerable position. Two "whales" (, a term referring to individuals holding large amounts of cryptocurrency, ) operating on the MakerDAO protocol are currently at risk of forced liquidation. According to data collected by the blockchain analytics platform Lookonchain, a total of 125,603 ETH, equivalent to about 238 million dollars, could be liquidated if the important threshold is breached. The situation is particularly concerning for one of these large investors, who controls about 64,793 Ether. His liquidation price is set at $1,787, while Ethereum is currently trading around $1,841. This mere $54 range indicates an imminent danger for this position. It was this trader who almost faced disaster on March 11. After the price fell significantly, he was forced to repay part of the debt to avoid liquidation. Today, his health ratio has fallen to 1.04, indicating that if the price of ETH continues to fall, it will automatically trigger the liquidation of his position. Market Context Unfavorable for Ether Ethereum is currently under falling pressure due to a confluence of factors. This cryptocurrency has dropped below the symbolic level of $1,900 amidst widespread turmoil in the financial markets. The persistent worry of inflation and disappointing economic data from the United States have forced many investors to fall their holdings of assets considered risky. President Trump's announcement regarding the implementation of reciprocal tariffs, effective April 2, also contributes to increasing market volatility. This situation has led to a retreat of bitcoin, falling below $82,000 on Saturday before stabilizing around $82,400, down nearly 2% for the week. This retreat of bitcoin has certainly put pressure on the entire cryptocurrency market, including Ethereum. Many Threats and Risks of Layered Liquidation The newly launched spot Ethereum ETFs in the United States are also facing difficulties. According to data from Farside Investors, from March 5 to March 27, investors withdrew over 400 million dollars from these funds. Although a slight reversal in the trend has been observed with an inflow of about 5 million dollars, adoption remains slow. Hope currently lies in the ability to activate the staking feature, which could stimulate demand for these ETFs. Another worrying factor is the hackers selling Ethereum in large quantities. According to Lookonchain, the hackers recently liquidated 14,064 ETH from THORChain and Chainflip, adding further pressure to the price. The second whale in trouble has sent 60,810 ETH as collateral to borrow 75.69 million DAI (stablecoin), with the liquidation threshold set at $1,805. If the price of ETH falls below this level, this position will be automatically liquidated, potentially amplifying selling pressure in the market. The coming days will be very important for the Ethereum market. If the downtrend continues, the forced liquidation of these important positions could trigger a domino effect and exacerbate the price decline.