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TechFlow reports that on July 4, according to Lookonchain monitoring, a major whale holding a large amount of Ethereum is facing liquidation risk amid market declines. The whale deposited 12,734 ETH (approximately $40 million) into Compound and borrowed $31.4 million in stablecoins, with a current health factor of just 1.06. If ETH price drops to $2,984, the whale will be liquidated.
According to Lookonchain monitoring, as the market declines, a whale holding a large amount of Ethereum faces liquidation risk. The whale deposited 12,734 ETH (approximately $40 million) on Compound and borrowed $31.4 million in stablecoins, with a current health rate of only 1.06. If ETH price drops to $2,984, the whale will be liquidated.
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