According to on-chain analyst Ember Monitoring, with the sharp decline this morning, some ETH whales with leverage on the chain were liquidated. The liquidation also contributed to the decline, causing the ETH price to fall by more than 20%. Some of the whales that produced the liquidation address: Addresses starting with 0x1111 were liquidated for 6,559 ETH to repay the 277.9 WBTC loan. Addresses starting with 0x4196c were liquidated for 2,965 ETH to repay 7.20 million USDT borrowings; Addresses starting with 0x790c were liquidated for 2,771 ETH to repay 6.06 million USDC borrowings; Addresses starting with 0x5de64 were liquidated 2,358 ETH to repay 5.17 million USDC borrowings.