According to Yu Jin, a giant whale or institution holding 65000 ETH (approximately $120 million) is only $50 away from being liquidated. The address withdrew 2000 ETH ($3.75 million) from Bitfinex and 1.54 million USDT from Binance 4 hours ago to replenish collateral and repay some debts, reducing its clearing price from $1932 to $1836. However, the current ETH price is still close to the liquidation line. The whale's ETH was mainly purchased through revolving loans in May 2022, with an average cost of about $2088. Currently, the floating loss has exceeded $14 million. If the ETH price further drops, the account may face large-scale forced liquidation.