According to EmberCN, several downward movements in ETH prices last night approached the liquidation thresholds of major holders but did not result in actual liquidation. The price dropped below the liquidation price of 64,800 ETH but quickly rebounded, with the oracle price update staying above the liquidation price of $1788, preventing liquidation. No actions were taken to lower the liquidation price.

According to Reetika (@ReetikaTrades), there is a call for an immediate update of the oracle price for Ethereum ($ETH) to $4000. Such an adjustment could have significant trading implications, potentially influencing market sentiment and trading strategies around Ethereum. Price oracle updates are crucial in ensuring decentralized finance (DeFi) applications reflect accurate market values, which in turn affects liquidity pools and automated trading strategies. Traders should monitor any official announcements regarding oracle price changes as this could lead to increased volatility and trading opportunities.

According to EmberCN, an ETH holder facing liquidation risk converted 2,882 ETH to 5.21 million DAI to repay debt, lowering the liquidation price to $1,781. With ETH's recent rebound and the next oracle price update above this liquidation price, the holder's immediate risk has been mitigated. Source: EmberCN's tweet.

According to Lookonchain, another whale on Maker is facing liquidation with 60,810 $ETH ($109M). The liquidation price is $1,798.64, while the market price has dropped to $1,791. However, with the next oracle price on Maker still at $1,806.31, there's a chance for the whale to deposit more collateral to avoid liquidation.

According to Lookonchain, a whale on Maker is at risk of liquidation with 60,810 ETH ($109M) as the market price drops to $1,791, below the liquidation price of $1,798.64. However, the oracle price on Maker remains at $1,806.31, providing a window for the whale to deposit more collateral to avoid liquidation.

According to @EmberCN, the real-time ETH price has fallen below the liquidation price of $1,836, although the oracle price remains above this threshold. The situation hinges on whether ETH can quickly rebound to prevent the liquidation of positions. Sponsored by #Bitget｜@Bitget_zh.