CandleFocus If Bitcoin Price Falls to This Level, The Giant Whale Will Experience Massive Liquidation
2024-09-08
Author: Content Editor
A large cryptocurrency whale is at risk of experiencing a significant liquidation if the price of Bitcoin drops. The whale currently holds 488.45 Wrapped Bitcoin (WBTC) on the Compound decentralized finance platform and has a position health ratio of 1.07. If the price of Bitcoin falls to 50,429, the whale's position would be liquidated. This same whale has previously been liquidated three times during the cryptocurrency crash of 2022, resulting in a total loss of 74,426 BTC or $32.82 million.
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