On-chain data reveals that Ethereum (ETH) lending whales are under liquidation pressure as the market continues to decline. According to monitoring by Yujin, three distinct liquidation tiers have been identified, each with different price levels and position sizes.
First Liquidation Tier: $1,472
The highest liquidation point sits at $1,472. If Ethereum's price drops to this level, 72,700 ETH (approximately $114 million) worth of borrowed positions will be forcibly liquidated. This tier is relatively smaller in scale but could still impact market price.
Second Liquidation Tier: $1,355
The second tier is at $1,355. This position belongs to a whale who bought ETH at the beginning of this month, holding a massive 167,600 ETH ($263 million). Compared to the first tier, this is significantly larger and would trigger more substantial selling pressure if triggered.
Third Liquidation Tier: $1,160
The deepest liquidation point is at $1,160. This corresponds to the largest long position on Hyperliquid, holding 120,000 ETH ($188 million) worth of longs. Although this tier has the lowest liquidation price, its size remains huge, reflecting expectations of extreme downside risk.
Data sourced from Yujin's on-chain monitoring tool. The total size of the three liquidation tiers exceeds 360,000 ETH, amounting to approximately $565 million. These liquidation levels form a series of price defenses, and bulls need to hold these support levels to avoid cascading liquidations.