{"id":20876,"date":"2025-04-07T09:46:47","date_gmt":"2025-04-07T09:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20876"},"modified":"2025-04-07T09:46:47","modified_gmt":"2025-04-07T09:46:47","slug":"whale-makes-14m-ether-emergency-deposit-to-avoid-340m-liquidation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20876","title":{"rendered":"Whale makes $14M Ether emergency deposit to avoid $340M liquidation"},"content":{"rendered":"
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An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.<\/p>\n

The whale is reportedly close to liquidation on a 220,000 Ether (ETH<\/a>) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ETH \u2014 worth more than $14.5 million \u2014 and 3.54 million Dai (DAI<\/a>) to raise the position\u2019s liquidation price, blockchain analytics firm Lookonchain said<\/a> in an April 7 post on X.<\/p>\n

\u201cIf $ETH drops to $1,119.3, the 220,000 $ETH($340M) will be liquidated.\u201d<\/p><\/blockquote>\n

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Source: <\/em>Lookonchain<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The development came hours after another Ether investor was liquidated<\/a> for over $106 million on the decentralized finance (DeFi) lending platform Sky.<\/p>\n

The whale lost more than 67,000 ETH when the asset crashed by around 14% on April 6. Sky\u2019s system employs an overcollateralization ratio, typically 150% or higher, meaning that users need to deposit at least $150 worth of ETH to borrow 100 DAI.<\/p>\n

Related: <\/strong><\/em>Decentralized exchanges gain ground despite $6M Hyperliquid exploit<\/strong><\/em><\/a><\/p>\n

According to data from CoinGlass, more than 446,000 positions have been liquidated in the past 24 hours, with total losses surpassing $1.36 billion. That includes $1.21 billion in long positions and $152 million in shorts.<\/p>\n

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Crypto market liquidations, 24-hours. Source: <\/em>CoinGlass<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The largest single liquidation was a $7 million Bitcoin (BTC<\/a>) position on crypto exchange OKX.<\/p>\n

Related: <\/strong><\/em>Smart money still hunting for memecoins despite end of \u2018supercycle\u2019<\/strong><\/em><\/a><\/p>\n

Crypto markets crash after Trump\u2019s tariff announcement, but 70% recovery chance by June<\/h2>\n

US President Donald Trump announced his reciprocal import tariffs<\/a> on April 2, which sent tremors across global markets, leading to a $5 trillion<\/a> loss by the S&P 500, its largest two-day drop on record.<\/p>\n

Still, the tariff announcement may finally end the global uncertainty plaguing traditional and digital markets for the past two months.<\/p>\n

\u201cIn my opinion, the tariffs are the representation of the uncertainty in the markets,\u201d Micha\u00ebl van de Poppe, founder of MN Consultancy, told Cointelegraph. \u201cLiberation Day is<\/a> basically the peak of that period, the climax of uncertainty. Now it\u2019s out in the open. Everybody knows the new playing field.\u201d<\/p>\n

The end of tariff-related uncertainty may bring the start of a \u201crotation toward the crypto markets,\u201d as investors will start buying the dip as digital assets become \u201cundervalued,\u201d said van de Poppe.<\/p>\n

Crypto intelligence firm Nansen also estimated a 70% probability<\/a> that the market may bottom by June, depending on how the tariff negotiations evolve.<\/p>\n