ETH defi faces massive liquidations around $720

The recent drop ETH price in the crypto market is seeing some potential liquidations looming. Available data points to MakerDAO and AAVE as the biggest targets. https://defillama.com/liquidations/eth

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ETH potential liquidations

According to the data that is readily available on DefiLlama there is almost 500.000 ETH to be liquidated if the price reaches ~$720

The recent FTX hack along with some macro stuff might be a tipping point in finally reaching those huge liquidations.

Just to remind you, these boys were saved by a thread last time during the 3AC liquidation.

This time there is no SBF to dump, but the sheer weight of the bear market... and an occasional hacker.