A significant liquidation occurred in the cryptocurrency market when an unknown trader’s position of 67,500 ETH, worth approximately $105 million, was liquidated at the $1650 mark. Analysts believe this incident had a substantial impact on the further decline of Ethereum’s price.
This is reported by Finway
A crypto expert using the pseudonym EmberCN noted that the whale attempted to avoid liquidation by adding collateral. On the night of April 7, 2025, the trader deposited an additional 2,160 ETH into their position. However, despite these efforts, Ethereum’s price continued to fall, and the position was ultimately liquidated in the morning when the asset’s price dropped to $1650.
“This liquidation pushed the asset’s price into further decline,” EmberCN remarked.
According to DeFi Explore, the daily liquidation volume in the market exceeded $1 billion. This raised serious concerns among traders and investors, as the fear and greed index fell to 17 points.
This whale is not the only one currently on the brink of liquidation. Another large trader also holds a significant position, with a liquidation price of $1495. The situation indicates increasing tension in the cryptocurrency market, where investors are trying to avoid further losses.