The whale offering 56,995 WETH for borrowing DAI on Maker is on the verge of liquidation
According to Spot On Chain monitoring, a whale has provided 56,995 WETH (worth about $90.8 million) on Maker for borrowing DAI and is now close to being liquidated at a price of $1564.58. Earlier today, due to the price plunge, another whale was liquidated at a price of $1650 for 67,569 ETH ($106 million), used to repay a loan of $74.49 million. In the past 24 hours, the cryptocurrency market has liquidated a total of $898 million, most of which came from long positions.
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