Ethereum Whale Faces Liquidation Risk Amid Market Fluctuations

According to Odaily, a significant Ethereum holder, possessing 57,000 ETH, is facing a liquidation risk with the current price set at $1,564. This situation closely mirrors a previous instance where the same holder nearly faced liquidation at a similar price point with a position of 67,500 ETH. The whale managed to avoid liquidation recently by proactively reducing their holdings. However, their position remains precariously close to the liquidation threshold, indicating a need for further reduction to mitigate risk.