On-chain data monitoring has revealed that a large borrowing address is at a dangerous threshold. This address has collateral worth 1.93 million WETH in a leading lending protocol, with a corresponding debt of 317 million USDT. The current health factor is only 1.51, which is already very close to the liquidation line.

Even more concerning is the liquidation trigger price. Once ETH drops below $2100, this position will immediately face liquidation pressure. Considering current market volatility, this price level is not out of reach.

If such a massive borrowing position triggers liquidation, it could trigger a chain reaction—large-scale WETH sell-offs could further depress ETH prices, affecting other high-leverage positions. For users holding positions in lending protocols, this is definitely worth close attention. In the current environment of increased market volatility, risk prevention is more critical than ever.