On June 5, on-chain analytics platform Lookonchain reported that 343,075 Ether (ETH) are currently at risk of liquidation across decentralized finance (DeFi) protocols, with a total estimated value of approximately $547 million.
Liquidation Risk Breakdown
The liquidation risk is distributed at multiple price levels: 46,741 ETH at $1,565.72, 58,032 ETH at $1,555.04, 100,394 ETH at $1,426.31, and 137,908 ETH at $1,361.73.
DeFi lending protocols automatically liquidate collateral when its value falls below a set threshold, selling assets to repay loans. This creates selling pressure in downturns, drawing attention to concentrated liquidation levels. Data shows over 137,900 ETH (roughly 40% of the at-risk total) clustered at $1,361.73, making it the largest risk zone. The $1,426.31 and $1,550–$1,570 ranges each contain around 100,000 ETH, indicating a stepped liquidation structure. At a total value of $547 million, these positions could trigger significant forced sales if ETH approaches those prices.