According to monitoring by on-chain analyst Aunt Ai (Ai Yi), as reported by Odaily Planet Daily, Ethereum's price dropping below $1,565 triggered on-chain liquidation mechanisms. Address 0x34d…c4ac1 had 15,131 ETH liquidated, with the seized assets converted into $22.6 million USD to fully repay the address's outstanding on-chain borrowings.
Following this liquidation event, data shows that the updated liquidation prices for two on-chain ETH leverage whale addresses have been revised. Address 0xc3f…931e4 currently carries 58,031.84 ETH in borrowed positions, with a liquidation price set at $1,555.04. Address 0x34d…c4ac1, having undergone this partial liquidation, still maintains 31,537.26 ETH in borrowings, with its liquidation price now set at $1,458.02. Together, the two addresses hold a combined on-chain borrowing position of nearly 90,000 ETH.
This liquidation event confirms that downward ETH price pressure has materially impacted on-chain leveraged positions. The $1,555 and $1,458 levels now stand as two remaining defense lines. Should Ethereum continue to weaken, both whale addresses face the risk of further liquidation.