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3AC Massive Liquidation Rumors Run Rampant: ETH Crashes to 17-Month Low



Three Arrows Capital – a prominent cryptocurrency fund – is rumored to be facing massive liquidations as ETH prices keep crashing.

The cryptocurrency market continues to take a beating as Bitcoin is approaching $21K whereas ETH is tumbling towards $1.1K. Various accounts on Twitter have shared analytics information pointing out that one of the industry’s largest funds – Three Arrow Capital – is facing liquidations.

Source: Twitter
  • At the time of this writing, ETH is trading at its lowest point since January 2021, charting a 17-month low at slightly above $1,100.
  • This means that the above position is some 7% away from being liquidated if no collateral is added or if the loan is not repaid.
  • Zhu Su, co-founder at 3AC, took it to Twitter a few hours ago to share some light, albeit limited and without revealing any precise information:

We are in the process of communicating with relevant parties and fully commited to working this out.

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