A $272 Million Ether Long Has a $2,181 Liquidation Price

An unidentified whale or institution’s Ether (ETH) long had a liquidation price of $2,181 after a $9.21 million USDC margin deposit lowered it from $2,256. The top-up temporarily moved the position away from liquidation risk. ETH had fallen to $2,282 before the deposit, about $30 above the earlier liquidation level. The $75 reduction in the threshold came from added collateral, rather than a reported change in the amount of ETH held. The position contained 115,473 ETH, worth about $272.1 million.