343,075 ETH in DeFi remained at liquidation risk after $34.1 million hit

A total of 343,075 ETH held in DeFi protocols remained exposed to liquidation across several Ethereum price thresholds, according to Lookonchain data cited by PANews, after Ether briefly fell below $1,550 early on June 6. Lookonchain said 21,540 ETH worth $34.1 million was liquidated across DeFi protocols during the move, before ETH later rebounded to about $1,595. The previously identified risk clusters were 46,741 ETH at $1,565.72, 58,032 ETH at $1,555.04, 100,394 ETH at $1,426.31, and 137,908 ETH at $1,361.73. DeFi liquidations occur when collateral values fall below protocol maintenance thresholds, forcing positions to be closed or sold to repay debt.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.