One of the main investor of Al -Atheer suffered from an amazing loss of $ 106 million after filtering on the decentralized financial lending platform (Defi) Sky, as the price of ETHEREUM (ETH) decreased sharply on April 6.
according to Data from a cellar maker The Defi Explore and Blockchain Tracker Lokonchain Explorer, the investor, who is often referred to as “whale” due to the size of the situation, witnessed 67,570 ETH after the original price decreased by approximately 14 %.
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The low price of ETH pays whale guarantees below the threshold, which leads to the liquidation of $ 106 million
The liquidation occurred on the sky, formerly Known as Makerdao, renamed in August 2023. Sky allows users to borrow Stablecoin, Dai, by locking in encryption assets like ETH as a guarantee.
To ensure stability, it requires the platform Excessive Pacific – in particular 150 % or more – in the borrowing of 100 Dai, the user must deposit at least $ 150 of ETH. When the warranty percentage is less than the required threshold, the system begins automatically filtering.
In the case of this whale, the warranty ratio decreased to 144 % amid the low price of the ETH, which led to the liquidation process. The protocol seized ETH and started an auction to restore the borrowed Dai, including the fees. Any remaining guarantees are returned to the user as soon as the debt is paid.
last big The situation may also be in danger. The data platform point on the series stated on a series that a separate whale deposited approximately 57000 ETH (at a value of about $ 91 million) on the liquidation of the liquidation.
The whale feet 56,995 $ Weth (90.8 million dollars) for borrowing $ Day on #maker It is about to filter, with a price price of $ 1,564.58.
Earlier today, another giant whale has already been filtered for 67,569 $ ETH (106 million dollars) at $ 1,650 to pay a loan of 74.49 million dollars, as the price decreased! … pic.twitter.com/1ggsjjmri
– Spotonchain April 7, 2025
The broader sale of the encryption market followed US President Donald Trump’s announcement of the overwhelming definitions, which rocked the morale of investors in all asset categories.
ETH has decreased by 14.5 % over the past 24 hours, as it was circulated at $ 1547 at the time of writing this report – the lowest level since October 2023, when the market was still suffering from the FTX collapse.
ETHEREUM currently decreased by 68 % from its highest level ever. The low -price low prices may expose the borrowers more to the risk of liquidation unless they add more guarantee.
According to Coinglass, approximately 320,000 traders have been ranked over the past 24 hours, with a total of more than one billion dollars of losses. Most of these qualifications are linked to bitcoin and ethereum positions.
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The encryption markets slide with a tariff shock that raises extreme fear among investors
The prices of the cryptocurrency decreased sharply on April 6, as American stock futures decreased after the Trump administration announced the overwhelming global tariffs.
All countries have been exposed to a 10 % basic tariff, as China, the European Union and Japan face more severe rates. Bitcoin decreased more than 6 %, the ether decreased more than 12 %, and the maximum coding market withdrew by 8 % to $ 2.5 trillion.
While the prices began to recover a little – Bitcoin rose to $ 78,500 and the ether to 1594 dollars – its morale remained dark. The Crypto Fear & Greed index recorded 23 degree on April 7, indicating “extreme fear” while investors are preparing for more fluctuations.
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Main meals
- The DEFI whale was filtered for $ 106 million on Sky after the price of ETHEREUM decreased by approximately 14 %.
- The liquidation was operated when the investor guarantees rate decreased to less than the 150 % threshold required by the platform.
- Fear intensifies at the market level after Trump’s sweeping tariff, which led to more than one billion dollars of encryption references and the morale of extremist investors.
The post -DEFI whale is witnessing $ 106 million in the Sky strained ETH during the market collapse, which first appeared on 99bitcoins.