The position of the whale longing Ethereum (ETH) against Bitcoin (BTC) is at risk of liquidation.
Believing that Ethereum will rise against Bitcoin and accordingly ETH/BTC to parity long a whale opening a position tens of millions of dollars may lose.
Data provided by on-chain analysis platform DeBank, $72 million worth 45,617 ETH give collateral and approximately $59 million worth 2,088 WBTC this whale taking a loan ETH/BTC long It revealed that the position was very close to liquidation.
Looking at the current situation, the whale’s position health rate 1.04 It is positioned at a critical level such as hovering around this year’s lowest levels ETH/BTC parity only in the last 24 hours 3.7% decrease lived.
Ethereum, which had a weak rise at the beginning of October with the news of the futures Ethereum exchange traded fund (ETF), followed by “sell the news” continued to lose value with its flow.
According to Tradingview data, ETH/BTC parity has been working as a support zone for a while.n in the 0.055 band positioning.
