Etherum Kit is liquidated for $ 106 million on Ski Adid Cripto Bloodbath

The ether investor who had a great position on decentralized finances (a definite platform for lending heaven was liquidated in a melody more than 100 million dollars because the price collapsed by ether.

Ether (El) Whalj lost 67,570 Eth worth about $ 106 million when the property collapsed by about 14% 6. April, liquidating his collateralized debt in heaven, toward Explore Explorer Explore to manufacturer Explore and as noted In search.

Heavenly protocol for lending, which rerchar From the manufacturer in August, using participants to create collateralized debt positions by providing crypto, ETH in this case, to borrow Stablecoin platforms, DAI (Dai).

The system uses the overcome ratio, usually 150% or more, which means that users must deposit at least $ 150 worth 100 days.

The protocol automatically monitored the value of ETH collateral in relation to the borrowed DAI, and if the ETE values ​​and collectible ratio falls below the minimum requirement, the position becomes eligible for liquidation.

This kind of liquidation of whales happened when the ratio fell to 144% as a price of cesses.

Meanwhile, a spot on the chain export If another kit he delivered 56,955 wrapped Eth, worth about $ 91 million, to borrow the day was on the edge of liquidation.

In case of liquidation, the ski seizes Elija security, which is at auction to return the borrowed DAY plus fees. Any remaining collateral after payment of debt returns to the user.

Etherum Price on Love Markets Bede

Eteh prices collapsed in the last 24 hours in the last 24 hours, drop to $ 1,547 at the time of writing while the crypto market melts reaction to American President Donald Trump Market sales caused by tariff.

The last time Eth traded in this low was in October 2023. year, when Cripto is still deep in the bear market, almost a year after the collapsing FTX exchange.

ET is 68% left of all time in 2021. years, and further losses are likely to see more Defi Users liquidated if they cannot provide more collateral.

Related: The price of Bitcoin falls below $ 80,000 as an action face 1987. Year Black Monday Rerun

According to coigiglass, there were 320,000 retailers liquidate In the past 24 hours in the amount of nearly $ 1 billion of dollars. Most of the liquidations in the last four hours was an Elian position, she discovered.

Journal: Bitcoin will go to 70k soon? Cripto Baller Fondovi Spaceks Let: Hodler’s Digest