Two Whale Vaults at Risk of Liquidation as ETH Price Declines

• Two whale vaults on Maker, holding 125,603 ETH, face liquidation risk.
• The health ratios of these vaults have dropped to 1.07, nearing liquidation.
• Ethereum’s price decline puts liquidation prices at $1,805 and $1,787.
  

The price of Ethereum ($ETH) has experienced a significant drop, putting two whale vaults on Maker at risk of liquidation once again. These vaults, holding a combined total of 125,603 ETH, valued at approximately $238 million, now face the threat of liquidation as the price of ETH continues to dip. According to data from Lookonchain, the health ratio of these positions has dropped to 1.07, well below the 1.0 threshold that would trigger liquidation.

Health Ratios and Liquidation Prices

The health ratios of the two whale vaults have fallen sharply, with values dropping to just 1.07. This indicates a precarious financial position for these vaults, which could face forced liquidations if ETH’s price declines further.  At current levels, the liquidation prices for these positions are set at $1,805 and $1,787, respectively. 

If the ETH price continues to decline, these liquidation points could be reached, triggering the automatic sale of the assets held in the vaults. Tracking the current market action of Ethereum , CoinMarketCap data indicates that the price is currently $1,860.35, showing a 1.96% decrease over the past 24 hours. 

The market cap stands at $224.45 billion, experiencing a similar 1.96% drop. The trading volume in the last 24 hours has dipped by 27.70%, reaching $12.97 billion. Ethereum’s circulating supply is 120.65 million ETH, with the same value for total and maximum supply. The price chart demonstrates a downward trend throughout the day, starting from a peak of $1,896.8 before declining. 

The Risk of Liquidation

With ETH hovering around lower price levels, the risk of liquidation remains high for the whale vaults. If the price continues its downward trajectory, the positions could be liquidated, resulting in a significant loss for the vault holders. 

Liquidation events involving whale vaults containing substantial ETH amounts create significant effects which impact both the Maker platform and the entire cryptocurrency marketplace. The current market situation remains uncertain as Ethereum prices remain subject to regular market movement.
The current situation highlights the risks linked with high-leverage positions and the volatility inherent in cryptocurrency markets. The health of these two large whale vaults on Maker is in jeopardy as the price of Ethereum continues to decline. With liquidation prices close at hand, these vaults may soon face forced liquidation if ETH’s price does not recover.