Data: If ETH continues to fall by about 19%, it will trigger a liquidation of 340 million US dollars
According to CoinDesk, on-chain data shows that when the price of ETH reaches $1,926, $1,842 and $1,793 respectively, it will trigger the liquidation of three MakerDAO positions each valued between $109 million and $126 million.
The current trading price of ETH is approximately $2,390. To trigger MakerDAO's liquidation, ETH would need to fall by about 19%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Stablecoin supply reaches all-time high, may signal bitcoin trend
ViaBTC donates 3 million HKD to support Tai Po Hong Fuk Estate fire rescue and community reconstruction
Trending news
MoreCrypto prices
More
