Analysis of on-chain data curated by Defillama shows that nearly $ 100 million in ether (ETH) positions is in danger if the price slides by 15%.
Dealers in Asia were facing a sea of red during Monday’s work day when the ring effects of US President Donald Trump’s customs policy were marked worldwide.
ETH is down nearly 16% Monday, according to Coindesk -Data, now trading over $ 1490, while the Coindesk 20 index is down by 13% and market participants fear that the US Open can bring more pain.
If the United States opens, brings an additional 15% decrease in ETH’s price and sends it less than $ 1,274, more than $ 100 million could have impending liquidation.
Liquidations on the chain are potentially more effective than those related to derivatives as it involves spot assets sold on the market. In Makerdao’s case, a liquidated position is auctioned with a cheaper rate for dealers who can then sell for a relative premium, flood the market with supply and create more sales pressure.
The one wallet that would be liquidated to $ 1418 had a series of close calls on Monday, but trimmed its inventory of ETH and repayment repaid some of the DAI it owed.
Defillama data also shows that if the price of ETH sink by 20%, another $ 36 million is at risk.
The largest single ETH position, with $ 147 million in collateral locked, has a strike price of $ 1,132.
Lending protocols were some of the hardest hit tokens during Monday Asia Trading Day, with CoingeCKO data showing that the category is down by 17% a day when the concern grows about delivery health around some positions.
