Ethereum Price Drop Triggers Major Liquidation

According to PANews, a significant liquidation occurred following Ethereum's decline to $3,200. The address beginning with 0xa76b was liquidated, involving 1,490 WETH, valued at approximately $5.22 million. As of January 7, the address had deposited a total of 573 WBTC and 1,490 WETH while borrowing $45.92 million in USDT. Currently, the address retains 573 WBTC and has an outstanding loan of $38.37 million in USDT.