ETH dropped to $1,540 in the early morning, triggering liquidation of a whale’s $33.7 million position.

According to on-chain analyst Yujin’s monitoring, ETH hit a low of $1,540 in the early morning, triggering the liquidation of a whale’s position with a liquidation price of $1,565—resulting in the liquidation of 21,540 ETH, valued at approximately $33.7 million. Immediately after this liquidation, the price rebounded and did not fall further. The whale’s current borrowing position still holds 82,871 ETH (worth roughly $132 million), with two remaining liquidation prices at $1,527 and $1,459—just about $70 below the current price. Should the price continue to decline, there remains a risk of further liquidation.