The analysis of the data in the chain selected by Defillama shows that almost $ 100 million in ether positions (ETH) are at risk if the price slides by 15%.
The merchants in Asia faced a sea of red during Monday’s business day, since the effects of the policy of the president of the United States, Donald Trump, felt worldwide.
ETH fell almost 16% on Monday, according to Coendesk data, which is now quoted above $ 1490, while the Coindesk 20 index has dropped 13%, and market participants fear that the US Open can generate more pain.
If the US Open brings another 15% drop in the price of ETH, sending it below $ 1,274, more than $ 100 million in leverage positions could face an imminent liquidation.
Liquidations in the chain are potentially more shocking than those related to derivatives, since it implies that specific assets are sold to the market. In the case of Makerdao, a liquidated position is auctioned at a cheaper pace for merchants who can then sell with a relative premium, flooding the market with supply and creating more sales pressure.
A wallet that would be settled at $ 1418 had a series of nearby calls on Monday, but cut their ETH holdings and returned the reimbursement of some of the DAI that owed him.
Lid data also show that if the ETH price is submerged by 20%, another $ 36 million are at risk.
The largest ETH position, with $ 147 million in blocked guarantee, has an exercise price of $ 1,132.
Loan protocols were some of the most difficult chips during the negotiation day of Asia’s Mondays, with Coingcko data that show that the category has dropped 17% as the concern grows on the health of levareje around some positions.
