以太坊（ETH）价格下降到1,900美元以下，威胁要清算Makerdao的几个大职位

以太坊价格最近的波动使几个主要投资者处于特别脆弱的境地。

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.

以太坊的价格已低于1,900美元，与上周相比下降了6％，而Makerdao上的几个重要职位现在面临着清算的风险，有可能受到2.38亿美元的危险。

Ethereum whales on alert due to liquidation risk

由于清算风险，以太坊鲸鱼在警报上

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.

以太坊价格最近的波动使几个主要投资者处于特别脆弱的境地。目前，在Makerdao协议上运行的两个“鲸鱼”有被迫清算的风险。

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.

根据区块链分析平台LookChain收集的数据，如果违反关键阈值，总计125,603 ETH（约为2.38亿美元）的总和约为2.38亿美元。

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.

对于控制大约64,793 ETH的这些大型投资者之一而言，情况尤其令人担忧。他的清算价格定为1,787美元，而以太坊目前的交易价格约为1,841美元。仅$ 54的边距代表了这一职位的迫在眉睫的危险。

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.

同一交易员已经在3月11日险些避免了灾难。在价格大幅下降之后，他被迫部分偿还债务以避免清算。

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的价格会额外降低，这将自动触发其职位清算。

An unfavorable market context for Ether

以太的不利市场环境

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.

以太坊目前正经历着几个融合因素的下降压力。在金融市场中广泛的动荡中，加密货币已低于象征性的$ 1,900。

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

对通货膨胀和令人失望的美国经济数据的持续担忧迫使许多投资者减少对被认为有风险的资产的敞口。

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.

特朗普总统宣布将于4月2日举行的互惠关税的建立也导致了市场不确定性的增加。

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.

这种情况导致了比特币的回调，比特币在周六短暂低于82,000美元，然后稳定在82,400美元左右，一周下降了近2％。比特币中的这种撤退自然在包括以太坊在内的整个加密货币市场上都具有权衡。

Multiple Threats and Risks of Cascade Liquidations

级联清算的多种威胁和风险

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.

最近在美国推出的现场以太坊ETF也面临困难。根据Farside Investors的数据，在3月5日至27日之间，投资者从这些基金中撤回了超过4亿美元的资金。

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.

尽管已经观察到趋势逆转，而资本流入约为500万美元，但收养仍然很慢。希望现在的希望在于潜在的桩特征，这可能会刺激对这些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.

另一个有关元素的是黑客大量出售以太坊。根据Lookonchain的说法，黑客最近从Thorchain和Chainflip清算了14,064 ETH，增加了价格的压力。

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.

第二鲸的困难已将60,810 ETH存入了抵押品，以借用7569万dai（Stablecoin），其清算阈值定为1,805美元。如果ETH的价格下降到此水平以下，则该职位将自动清算，并有可能增强市场上的销售压力。

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.

未来几天对于以太坊市场至关重要。如果下降趋势继续下去，这些重要位置的强迫清算可能会引发多米诺骨牌效应，并进一步突出价格下跌。