According to online reports, according to Ember, a giant whale or institution holding 65,000 ETH (approximately US$120 million) is only US$50 away from being liquidated. The address withdrew 2,000 ETH (US$3.75 million) from Bitfinex four hours earlier and 1.54 million USDT from Binance to replenish collateral and repay some debt, reducing its liquidation price from US$1,932 to US$1,836. However, the current ETH price is still close to the clearing line. The giant whale's ETH was mainly purchased in May 2022 through a revolving loan. The average cost is about US$2,088, and the current floating loss has exceeded US$14 million. If the ETH price falls further, the account may face a large-scale forced liquidation.