Coin-Turk 8 minutes ago
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Ethereum 
$0.000142 is under significant pressure due to leadership crises, slow adoption, and declining on-chain activities. Over the past year, Ethereum has lost 52% of its value, raising concerns in the market about the potential liquidation of approximately $136 million in loans. Experts warn that if Ethereum falls below critical price levels, it could trigger a wave of liquidations.
Liquidation Risk Threatens the Ethereum Market
The drop in Ethereum’s price heightens the liquidation risk for large-scale loans, particularly those used on the Sky platform. Market data indicates that if Ethereum dips below certain critical levels, a single loan of $130 million backed by ETH ($1,904.47) could be liquidated. Kevin Rusher, founder of RAAC, emphasizes that such large loans can lead to cascading liquidations during periods of high volatility, underscoring the need to recognize these risks. This loan could potentially drive Ethereum’s price down to $1,500.
The liquidation risk may not be confined to just one loan and could impact other debts as well. Experts caution that this cascading effect co…
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