ETH Whale Adds $9.21M Margin to Cut Liquidation Price
@EmberCN reports a major ETH long holder deposited 9.21 million USDC overnight, lowering the liquidation threshold on 115,473 ETH from $2,256 to $2,181 while maintaining $396.5 million in combined BTC and ETH longs.
SourceAnalysis
@EmberCN tracked a large ETH long whale that faced near-liquidation at $2,282 overnight and immediately wired 9.21 million USDC to push the liquidation price on its 115,473 ETH position down to $2,181.
The same addresses now hold 115,473 ETH valued at $272.1 million and 1,539.5 BTC valued at $124.4 million, for a combined $396.5 million long book with liquidation levels at $2,181 on ETH and $70,396 on BTC.
Price action on the 4h chart shows ETH trading at $2,361.61 inside the Bollinger Bands with upper resistance at $2,462.82 and lower support at $2,319.11; the bearish EMA50 at $2,413.54 and EMA200 at $2,495.85 sit above current levels while MACD remains negative at -21.03, indicating that any bounce into the upper band will likely meet selling before the next test of the 50-EMA confluence zone.
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