#Which Altcoin Do You Hold The Most?#
You Wouldn't Want to Be This Bitcoin Investor: Will Lose Fortune If Price Drops by 6%
The gambler's cryptocurrency whale's large position in Bitcoin (BTC) is at risk of liquidation.
According to data transferred by the on-chain analysis platform Lookonchain, a whale's Bitcoin position is very close to being liquidated. The health ratio of the whale's position, which is worth 26.47 million dollars and consists of 488.45 BTC opened on the decentralized finance platform Compound, has dropped to 1.07.
If the Bitcoin price falls to the 50,429 dollar level and the whale does not add new liquidity, 26.47 million dollars will be gone.
The same whale had undergone three major liquidations during the downturns in 2022. During those liquidations, it had lost 74.26 Bitcoin worth 37.92 million dollars.
According to CoinGecko data, Bitcoin, which lost 1% of its value in the last 24 hours, is trading at $53,124 at the time of writing.
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