An anonymous cryptocurrency whale injected millions of dollars into capitalism to prevent a potential extermination of more than $ 300 million in ether as markets collapsed amid macroeconomic -updated pressure.
The whale has been reported near the extermination of a 220,000 ether (Eth) Position in makerdao, a financial lending platform (DEFI). To stop the extermination, the investor deposited 10,000 ETH – costs more than $ 14.5 million – and 3.54 million DAI (Dai) To raise the position of destroying position, blockchain analytics firm lookonchain Says In a post on April 7 in X.
“If the $ eth drops to $ 1,119.3, the 220,000 $ eth ($ 340m) is liquid.”
Source: Lookonchain
Development came a few hours after another The investor in Ether is liquid For more than $ 106 million in decentralized financial lending platform (DEFI) lending platform.
The whale lost more than 67,000 ETHs when the asset dropped nearly 14% on April 6. The Sky system uses an overcollateralization ratio, usually 150% or higher, meaning users will have to deposit at least $ 150 worth of ETH to borrow 100 Dai.
Related: Decentralized exchanges get ground across the $ 6m hyperliquid exploitation
According to data from coinglass, more than 446,000 positions have been distinguished over the past 24 hours, with a total losses of over $ 1.36 billion. This includes $ 1.21 billion in long positions and $ 152 million in shorts.
Liquid crypto markets, 24 hours. Source: Coinglass
The largest single extermination is a $ 7 million bitcoin (Btc) Position in crypto exchange okx.
Related: Wise money still hunting for Memecoins despite the end of ‘supercycle’
Crypto Markets crashed after Trump’s tariff announcement, but 70% of June recovery chances
US President Donald Trump announced Reciprocal Importing Tariffs On April 2, who sent chills throughout the global market, leading to a $ 5 trillion Loss of the S&P 500, the largest two-day fall on the record.
However, the announcement of tariff may finally end the global uncertainty that covers the traditional and digital market for the past two months.
“In my opinion, tariffs are the representation of uncertainty in the markets,” Michaël Van de Poppe, founder of MN Consultancy, told Cointelegraph. “The day of liberation is The climax of that time is usually the climax of uncertainty. Now it’s open. Everyone knows the new field of play. “
The end of tariff-related uncertainty can bring the start of a “rotation toward crypto markets,” as investors will begin to buy sinking as digital properties become “undervalued,” Van de Poppe said.
Crypto Intelligence Firm Nansen also Estimated a 70% probability That the market can be lowered in June, depending on how tariff negotiations are emerging.
https://www.youtube.com/watch?v=ESB74SYK828
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