EyeOnChain
--
Bearish
The ETH liquidation threat is very real—but whether it actually happens depends on price action.
The two whales holding 125,603 ETH ($229M) on MakerDAO are dangerously close to #liquidation . If ETH drops to $1,787.75 and $1,701.54, their positions will be force-sold, adding more selling pressure to the market.
As for the founder meowing at a robotic dog—well, that’s just crypto Twitter being crypto Twitter. But in terms of "no hope for ETH", it’s way too early to say that. $ETH has seen major liquidations before and always bounced back. The real question is: Will we see a deep cascade of liquidations, or will whales step in to buy the dip?
The two whales holding 125,603 ETH ($229M) on MakerDAO are dangerously close to #liquidation . If ETH drops to $1,787.75 and $1,701.54, their positions will be force-sold, adding more selling pressure to the market.
As for the founder meowing at a robotic dog—well, that’s just crypto Twitter being crypto Twitter. But in terms of "no hope for ETH", it’s way too early to say that. $ETH has seen major liquidations before and always bounced back. The real question is: Will we see a deep cascade of liquidations, or will whales step in to buy the dip?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.