An unknown trader, who owned 67,500 ETH, was liquidated for approximately $105 million due to the asset’s price dropping to $1,650. An analyst using the pseudonym EmberCN believes this acted as a catalyst for further declines in the price of Ethereum.
This is reported by Business • Media
The liquidation occurred when the trader attempted to save their position by adding collateral of 2,160 ETH. However, despite these efforts, the price of Ethereum continued to fall, and the trader’s position was liquidated on the morning of April 7, 2025.
Crash in the Crypto Market and Other Liquidations
According to the DeFi Explore service, the trader’s liquidation caused additional pressure on the market. The daily liquidation volume during this period exceeded $1 billion, and the fear and greed index dropped to 17 points. EmberCN also noted that another large trader on the brink of liquidation has a liquidation price of $1,495.
The Impact of Liquidation on Asset Prices
The expert believes that the liquidation of a large position in the market pushed the price of Ethereum further down, raising concerns among investors. These events once again highlight the risks associated with trading on margin in the crypto market.
“This liquidation pushed the asset’s price further down” – EmberCN.