Big news in the world of cryptocurrency! Ethereum (ETH), a type of digital money like Bitcoin, had a scary moment. A huge amount of ETH, worth over $126 million, almost got sold off automatically because its price dropped sharply.
This happened because of something called liquidations, where borrowed money is taken back if the value of the money used as security drops too low. Imagine borrowing a toy and having to give it back if its value goes down!
Luckily, the price bounced back a bit, stopping more ETH from being sold. But this shows how quickly things can change in the crypto world.
- Ethereum's price fell by 22% in just two days.
- Over $1.3 billion worth of Ethereum could be at risk of being liquidated.
- This drop is partly because some people are investing in other cryptocurrencies.
| Fact | Number |
|---|---|
| Value of ETH almost liquidated | $126 million |
| Ethereum's price drop in 48 hours | 22% |
| Total ETH at risk of liquidation | $1.3 billion |
