Editor's PiCK
"Ethereum (ETH) Price Drop to $1,500 Could Trigger $336 Million in Liquidations"
Summary
- Ethereum (ETH) dropping to $1,500 could trigger $336 million in liquidations, according to reports.
- Founder Kevin Rusher revealed that if prices reach $1,857, $136 million in loan positions would be liquidated.
- Currently, ETH is up 1.16% on Binance, but investors should monitor the potential for liquidations if prices fall.
Analysis suggests that if Ethereum (ETH) price falls another 20% from its current level ($1,878), it could trigger $336 million worth of collateral liquidations across major DeFi platforms.
Kevin Rusher, founder of real-world asset (RWA) lending platform RAAC, stated in an interview with Cointelegraph on the 13th (local time), "If ETH price drops to $1,857, we'll see $136 million worth of loan positions liquidated," adding that "if the price falls to $1,780, an additional $117 million in liquidations is highly likely."
He further analyzed, "In the worst-case scenario, if ETH price drops to $1,500, a total of $336 million in liquidations could occur," emphasizing that "investors should therefore keep an eye on these price levels."
Meanwhile, as of 00:33 on the 14th, ETH is trading at $1,878.99 on Binance's Tether (USDT) market, up 1.16% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
