Ethereum's price fell under 1,900 dollars, recording a 6% decline over last week. This decrease jeopardizes several important positions on Makedao with more than $ 238 million potentially threatened.
Ethereum whales alert in the face of the risk of liquidation
Recent fluctuations in the price of Ethereum have placed several major investors in a particularly vulnerable situation. Two “whales” (term designating major cryptocurrency holders) operating on the Makerdao protocol are currently risking forced liquidations.
According to data Collected by the Blockchain Lookonchain analysis platform, a combined total of 125,603 ETH, representing around 238 million dollars, could be liquidated if the critical thresholds are crossed.
The situation is particularly worrying for one of these major investors who approximately controls 64,793 ETH. Its liquidation price is set at $ 1,787, while Ethereum is currently exchanging around $ 1,841. This margin of only $ 54 represents an imminent danger for this position.
This same trader had already close to the disaster on March 11. Following a significant drop in the course, he had been forced to partially repay his debt to avoid liquidation.
Today, its health rate has dropped to 1.04, indicating that an additional drop in the price of the ETH would automatically trigger the liquidation of its position.
An unfavorable market context for Ether
Ethereum is currently undergoing drop -down pressure supplied by several convergent factors. The crypto has passed under the symbolic bar of the $ 1,900 in a context of generalized turbulence in the financial markets.
Persistent inflation fears and disappointing American economic data have pushed many investors to reduce their exposure to assets considered risky.
The announcement by President Trump of the establishment of reciprocal customs tariffs, which will come into force on April 2, also helped to increase uncertainty in the markets.
This situation led to a fallback from Bitcoin, which briefly descended under the $ 82,000 on Saturday before stabilizing around 82,400 dollars, down almost 2% over the week. This decline in bitcoin naturally weighed on the entire Crypto market, including Ethereum.
Multiple threats and risk of cascading liquidations
ETHEREUM ETHEREM in cash recently launched in the United States are also experiencing difficulties. Between March 5 and 27, investors withdrew more than $ 400 million from these funds, according to data from Farside Investors.
Although a slight trend reversal has been observed with capital entries of approximately $ 5 million, adoption remains slow. Hope now lies in the potential activation of the staunch functionality (Staking), which could stimulate demand for these ETFs.
Another worrying element is the massive sale of Ethereum by a computer hacker. According to Lookonchain, hackers have recently liquidated 14,064 ETH from Thorchain and Chainflip, adding additional pressure on the course.
The second whale in difficulty filed 60,810 ETH in warranty to borrow 75.69 million DAI (Stablecoin), with a liquidation threshold set at 1,805 dollars. If the price of the ETH were to descend under this level, this position would be automatically liquidated, which could amplify the sale pressure on the market.
The next few days will be crucial for the Ethereum market. If the downward trend continues, the forced liquidations of these important positions could trigger a domino effect and further accentuate the fall in prices.
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