Urgent Warning to the Community!
A massive whale buys 8,613 ETH with leverage… and liquidation looms ahead!
According to BlockBeats On-chain Detection data, a massive whale just used leverage to purchase 8,613 Ethereum worth over $22.43 million, at an average price of $2,612.33.
The surprise?
The whale has collateralized the same amount to borrow $10 million, and the safety margin is now only 1.86!
⚠️ If the price of Ethereum drops to $1,399… his position will be completely liquidated!
A move of this size could open the door to massive sell pressure if prices start to drop.
Are we facing a ticking time bomb in the Ethereum market?
Be cautious — and share your opinion!