以太坊（ETH）價格下降到1,900美元以下，威脅要清算Makerdao的幾個大職位

以太坊價格最近的波動使幾個主要投資者處於特別脆弱的境地。

The price of Ethereum has fallen below $1,900, marking a 6% decrease compared to last week, while several important positions on MakerDAO are now at risk of liquidation, with more than $238 million potentially at stake.

以太坊的價格已低於1,900美元，與上週相比下降了6％，而Makerdao上的幾個重要職位現在面臨著清算的風險，有可能受到2.38億美元的危險。

Ethereum whales on alert due to liquidation risk

由於清算風險，以太坊鯨魚在警報上

The recent fluctuations in the price of Ethereum have placed several major investors in a particularly vulnerable situation. Two "whales" operating on the MakerDAO protocol are currently at risk of forced liquidations.

以太坊價格最近的波動使幾個主要投資者處於特別脆弱的境地。目前，在Makerdao協議上運行的兩個“鯨魚”有被迫清算的風險。

According to the data collected by the blockchain analysis platform Lookonchain, a combined total of 125,603 ETH, representing approximately $238 million, could be liquidated if critical thresholds are breached.

根據區塊鏈分析平台LookChain收集的數據，如果違反關鍵閾值，總計125,603 ETH（約為2.38億美元）的總和約為2.38億美元。

The situation is particularly concerning for one of these large investors who controls approximately 64,793 ETH. His liquidation price is set at $1,787, while Ethereum is currently trading around $1,841. This margin of only $54 represents an imminent danger for this position.

對於控制大約64,793 ETH的這些大型投資者之一而言，情況尤其令人擔憂。他的清算價格定為1,787美元，而以太坊目前的交易價格約為1,841美元。僅$ 54的邊距代表了這一職位的迫在眉睫的危險。

This same trader had already narrowly avoided disaster on March 11th. Following a significant drop in price, he was forced to partially repay his debt to avoid liquidation.

同一交易員已經在3月11日險些避免了災難。在價格大幅下降之後，他被迫部分償還債務以避免清算。

Today, his health rate has dropped to 1.04, indicating that an additional drop in the price of ETH would automatically trigger the liquidation of his position.

如今，他的健康率下降到1.04，表明ETH的價格會額外降低，這將自動觸發其職位清算。

An unfavorable market context for Ether

以太的不利市場環境

Ethereum is currently experiencing downward pressure fueled by several converging factors. The cryptocurrency has fallen below the symbolic $1,900 mark amidst widespread turmoil in the financial markets.

以太坊目前正經歷著幾個融合因素的下降壓力。在金融市場中廣泛的動盪中，加密貨幣已低於象徵性的$ 1,900。

Persistent fears of inflation and disappointing U.S. economic data have compelled many investors to reduce their exposure to assets considered risky.

對通貨膨脹和令人失望的美國經濟數據的持續擔憂迫使許多投資者減少對被認為有風險的資產的敞口。

The announcement by President Trump of the establishment of reciprocal tariffs, which will take place on April 2, has also contributed to increased uncertainty in the markets.

特朗普總統宣布將於4月2日舉行的互惠關稅的建立也導致了市場不確定性的增加。

This situation has led to a pullback in bitcoin, which briefly fell below $82,000 on Saturday before stabilizing around $82,400, down nearly 2% for the week. This retreat in bitcoin has naturally weighed on the entire crypto market, including Ethereum.

這種情況導致了比特幣的回調，比特幣在周六短暫低於82,000美元，然後穩定在82,400美元左右，一周下降了近2％。比特幣中的這種撤退自然在包括以太坊在內的整個加密貨幣市場上都具有權衡。

Multiple Threats and Risks of Cascade Liquidations

級聯清算的多種威脅和風險

The recently launched spot Ethereum ETFs in the United States are also facing difficulties. Between March 5 and 27, investors withdrew more than $400 million from these funds, according to data from Farside Investors.

最近在美國推出的現場以太坊ETF也面臨困難。根據Farside Investors的數據，在3月5日至27日之間，投資者從這些基金中撤回了超過4億美元的資金。

Although a slight trend reversal has been observed with capital inflows of about $5 million, adoption remains slow. The hope now lies in the potential activation of the staking feature, which could stimulate demand for these ETFs.

儘管已經觀察到趨勢逆轉，而資本流入約為500萬美元，但收養仍然很慢。希望現在的希望在於潛在的樁特徵，這可能會刺激對這些ETF的需求。

Another concerning element is the massive sale of Ethereum by a hacker. According to Lookonchain, hackers recently liquidated 14,064 ETH from THORChain and Chainflip, adding further pressure on the price.

另一個有關元素的是黑客大量出售以太坊。根據Lookonchain的說法，黑客最近從Thorchain和Chainflip清算了14,064 ETH，增加了價格的壓力。

The second whale in difficulty has deposited 60,810 ETH as collateral to borrow 75.69 million DAI (stablecoin), with a liquidation threshold set at $1,805. If the price of ETH drops below this level, this position would be automatically liquidated, potentially amplifying selling pressure in the market.

第二鯨的困難已將60,810 ETH存入了抵押品，以藉用7569萬dai（Stablecoin），其清算閾值定為1,805美元。如果ETH的價格下降到此水平以下，則該職位將自動清算，並有可能增強市場上的銷售壓力。

The coming days will be crucial for the Ethereum market. If the downward trend continues, forced liquidations of these important positions could trigger a domino effect and further accentuate the price drop.

未來幾天對於以太坊市場至關重要。如果下降趨勢繼續下去，這些重要位置的強迫清算可能會引發多米諾骨牌效應，並進一步突出價格下跌。