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A certain ETH lending whale's position is approaching the liquidation line, selling 238 ETH for 488,000 DAI to repay

Feb 05, 2026 21:52:52

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According to on-chain analyst Yu Jin's monitoring, a certain ETH lending whale's position is nearing the liquidation line. He has mortgaged 23,800 ETH (48.56 million USD) on Spark and borrowed 35.27 million DAI. The liquidation price of the position is at 1,800 USD. As ETH drops to the 2,000 USD mark, it is only 250 USD away from his liquidation price, forcing him to start a stop-loss reduction: he just sold 238 ETH for 488,000 DAI to repay. If it continues to drop, he can only keep selling ETH to lower the liquidation price.

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