Odaily Planet Daily News According to Ember reports, investors who previously held about 67,000 ETH and were on the verge of liquidation successfully hedged their risks. The investor reduced his holdings of 2,882 ETH before the oracle price update, exchanging it for 5.21 million DAI repayments, bringing the liquidation price down to $1,781.
With the ETH price rebounding slightly and the next oracle price update above its liquidation line, the investor defused the crisis for the time being.
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Previously, 67,000 ETH holders urgently reduced their positions to avoid being liquidated
Odaily Planet Daily News According to Ember reports, investors who previously held about 67,000 ETH and were on the verge of liquidation successfully hedged their risks. The investor reduced his holdings of 2,882 ETH before the oracle price update, exchanging it for 5.21 million DAI repayments, bringing the liquidation price down to $1,781. With the ETH price rebounding slightly and the next oracle price update above its liquidation line, the investor defused the crisis for the time being.