An ether investor who had an important position on the decentralized financing loan platform (DEFI) Sky was liquidated up to more than $ 100 million while the price of the ether crazy.
Ether 
Ethusd Whale lost 67,570 ETH worth around $ 106 million when the asset crashed by around 14% on April 6, liquidating its guaranteed debt position on Sky, according to the explorer of Maker Vaults Defi, and as observed by Lookonchain.
The Sky Loan Protocol, which renamed Maker in August, is used by the DEFI participants to create guaranteed debt positions by providing Crypto, ETH in this case, to borrow the range of the platform, Dai 
Daiusd.
The system uses an overlying report, generally 150% or more, which means that users must deposit at least $ 150 ETH to borrow 100 DAI.
The protocol independently monitors the value of the guarantees of the ETH compared to the DAI borrowed, and if the ETH value falls and the collateral ratio falls below the minimum requirement, the position becomes eligible for liquidation.
The liquidation of this whale occurred when the ratio fell to 144% as the price of the ETH fell.
Meanwhile, Spot on Chain reported that another whale provided 56,995 ETH wrapped, worth around 91 million dollars, to borrow DAI was on the verge of liquidation.
In a liquidation event, Sky entered the ETH guarantee, which is sold at auction to reimburse the more borrowed DAI costs. Any guarantee remaining after payment of the debt has returned to the user.
Ethereum prices at the bottom of the bear market
ETH prices have dropped 14.5% in the last 24 hours, falling to $ 1,547 when writing the moment when the market for wider background in reaction in reaction to the sale of the market induced by the price of US President Donald Trump.
The last time ETH exchanged this hollow was in October 2023, when Crypto was still deep in the bear market territory, almost a year after the collapse of the FTX exchange.
The ETH remains down 68% compared to its summit of all time in 2021, and other losses are likely to see more users defyed unless they can provide more guarantee.
According to Coinglass, 320,000 merchants have been liquidated in the last 24 hours up to almost $ 1 billion. The majority of liquidations in the last four hours have been ETH positions, she revealed.
