According to Golden Finance, a giant whale or institution holding 65,000 ETH (about 120 million US dollars) is only $50 away from being liquidated. The address pulled 2,000 ETH ($3.75 million) from Bitfinex four hours ago, with USDT 1.54 million from Binance to supplement collateral and repay part of its debt, reducing its liquidation price from $1,932 to $1,836. However, the current ETH price is still close to the liquidation line. The giant whale's ETH was purchased mainly through revolving loans in May 2022, with an average cost price of about US$2,088, and the current floating loss has exceeded US$14 million. If the ETH price falls further, the account may face large-scale forced closing of positions.