$ETH
Life and death in 20 minutes!
An ETH whale's extreme escape, resolving the liquidation crisis!
In the turbulent world of cryptocurrency on the blockchain, a thrilling 'life-and-death race' has just unfolded!
According to on-chain analysts, an ETH whale is deeply trapped in a liquidation crisis. With less than 20 minutes left before liquidation, they decisively sold 3,920 ETH, quickly exchanging it for 5.77 million DAI to repay debt.
Currently, this whale has collateralized 53,074 ETH and borrowed 46.67 million DAI. After this operation, the liquidation price has dropped to $1,495.17, temporarily escaping danger. What subsequent impact will this on-chain escape have on the cryptocurrency market?
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