An unidentified whale of cryptocurrency introduced millions of dollars into emergency capital to avoid potential liquidation of over $ 300 million in the ether, because the markets fell due to the renovated macroeconomic pressure.
Apparently the whale is similar to the liquidation of 220,000 ether (ETH) on Makerdao, a decentralized financial platform (DEFI). To stop the liquidation, the investor deposited 10,000 ETH – worth over $ 14.5 million – and 3.54 million Dai (DAI) in order to raise the price of liquidation of the item, Lookonchain Analytics Analytics he said In April 7 on X.
“If $ ETH drops to $ 1,119.3, $ 220,000 ETH (USD 340 million) will be liquidated.”
Source: Lookonchain
The development took place a few hours after the liquidation of the next ether investor for over $ 106 million on a decentralized Sky credit platform (DEF).
The whale lost over 67,000 ETH when the asset component crashed by about 14% on April 6. The Sky system uses an excessive advantage indicator, usually 150% or more, which means that users must deposit ETH at least 150 USD to borrow 100 DAI.
Related: Decentralized exchanges gain soil, despite the exploit of a hyper -6 million USD
According to data from Coumingglass, over 446,000 items have been liquidated in the last 24 hours, and total losses have exceeded $ 1.36 billion. This includes $ 1.21 billion in long positions and $ 152 million in shorts.
Liquidation of the cryptographic market, 24 hours. Source: Kinglas
The largest single liquidation was the Bitcoins position worth $ 7 million (BTC) on Crypto Exchange OKX.
Related: Knowledgeable money still hunt for memecoins despite the end of “supercyc”
Cryptographic markets failures after Trump’s tariff announcement, but a 70% chance of recovery by June
US President Donald Trump announced his mutual import tariffs on April 2, which sent trembling through global markets, which led to a loss of $ 5 trillion by the S&P 500, which is the largest two -day drop in record.
Despite this, tariff announcement can finally end global uncertainty by harassing customary and digital markets for the last two months.
“In my opinion, the tariffs are a representation of uncertainty on the markets,” said CointeLgraph Michaël van de poppe, founder of MN Consultancy. “The day of liberation is basically the peak of this period, the culmination of uncertainty. Now it is in the open. Everyone knows new opportunities.”
The end of the uncertainty associated with the tariff can bring the beginning of “rotation towards cryptographic markets” because investors will start buying a decrease when digital assets are “underestimated”, said Van de Poppe.
Crypto Intelligence Nansen also estimated 70% probability that the market may be the lowest until June, depending on the evolution of tariff negotiations.
https://www.youtube.com/watch?v=ESB74SK828
Warehouse: The “reasonable” BTC target worth $ 180,000, the NFTS fell in 2024 and not only: Hodler’s Digest 12-18
