{"id":14860,"date":"2025-02-25T10:17:32","date_gmt":"2025-02-25T10:17:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14860"},"modified":"2025-02-25T10:17:32","modified_gmt":"2025-02-25T10:17:32","slug":"ether-heads-toward-set-of-mammoth-340m-on-chain-liquidations","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14860","title":{"rendered":"Ether Heads Toward Set of Mammoth $340M On-Chain Liquidations"},"content":{"rendered":"<div>\n<p>Ether&#8217;s (<a href=\"https:\/\/www.coindesk.com\/price\/ethereum\/\" target=\"_blank\">ETH<\/a>) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO.<\/p>\n<p><a href=\"https:\/\/defillama.com\/liquidations\/eth\" target=\"_blank\">On-chain data<\/a> shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is worth between $109 million and $126 million.<\/p>\n<p>Ether, the token of the Ethereum blockchain, is trading around $2,390 following a market-wide sell-off sparked by waning sentiment and a drop in global equities.<\/p>\n<p>Whether the plunge is the trigger for a bear market remains to be seen. Assets have typically slumped as much as 30% in previous bull markets to shake out over-leverage before moving back to the upside, ETH is down by 42% since Dec. 16.<\/p>\n<p>In order to trigger the MakerDAO liquidations, ETH needs to fall by another 19%, at which point it could spark a liquidation cascade across <a href=\"https:\/\/www.coindesk.com\/learn\/what-is-defi\/\" target=\"_blank\">decentralized finance<\/a> (DeFi) protocols and exchanges. <\/p>\n<p>Over the past 24 hours $296 million worth of ETH positions have already been liquidated on exchanges, according to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\">CoinGlass<\/a>.<\/p>\n<p>It&#8217;s worth noting that deleveraging events spurred by sell-offs can present an opportunity for savvy traders to purchase undervalued assets, as the spot price is determined by a short-term lack of liquidity and not what might be considered the true value.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether&#8217;s (ETH) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO. On-chain data shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is worth between $109 million and $126 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14860","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14860"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14860\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}