Massive ETH Whale Liquidations Trigger 20% Price Drop

According to @EmberCN, a sharp decline this morning led to the liquidation of leveraged ETH whales on-chain. The liquidations further fueled the drop, causing ETH prices to fall by over 20%. Notable whale addresses that were liquidated include 0x1111567e0954e74f6ba7c4732d534e75b81dc42e, which was liquidated for 6,559 ETH to repay 277.9 WBTC loans, and 0x4196c40de33062ce03070f058922baa99b28157b, which was liquidated for 2,965 ETH.
Source
ETH
whales
WBTC
Liquidation
0x1111567e0954e74f6ba7c4732d534e75b81dc42e
0x4196c40de33062ce03070f058922baa99b28157b
余烬
@EmberCNAnalyst about On-chain Analysis