Crypto Live News
author: Mustafa Mullah
author: Mustafa Mullah
Mustafa Mullah ![Right arrow]()
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September 7, 2024 18:44
Mustafa Mullah ![Right arrow]()
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Whale activity in the Bitcoin and altcoin markets is always surprising, especially when they are making huge gains or facing major liquidation threats. Right now, a massive Bitcoin whale is trying to liquidate $488.45 WBTC (around $26 million) on Compound. According to Lookonchain, the whale’s health rate has plummeted to 1.07 and the liquidation price is set at $50,429. This isn’t the first time this address has taken a hit. It was liquidated three times during the 2022 crypto crash, losing around $32.8 million in assets.