Ethereum Drops Below $2,000 as MakerDAO Urgently Reduces 200 ETH Position

ETH-1.86%
According to BlockBeats, citing HyperInsight data, Ethereum fell below $2,000 today, trading at $1,984.5 on June 1 afternoon. The move brought ETH closer to MakerDAO's liquidation price for its long position. MakerDAO urgently reduced its position by 200 ETH, currently holding a $7.74 million 25x leveraged long with a new liquidation price of $1,971.81.
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