A cryptocurrency whale executed a $14.5 million emergency capital deposit to stave off the potential liquidation of a $340 million short position in Ether (ETH) as market conditions deteriorated. This deposit involved 10,000 ETH and 3.54 million Dai (DAI) on MakerDAO, a decentralized finance lending platform. Analysts indicated that if ETH's price were to drop below $1,119.3, the whale's significant short position would face liquidation. This emergency action follows a hefty loss of over 67,000 ETH due to a sudden market dip of around 14% on April 6. In the backdrop of these events, a broader market shake-up occurred, with more than 446,000 positions liquidated within 24 hours, amounting to total losses exceeding $1.36 billion. The catalyst causing this market turbulence was a recent tariff announcement from US President Donald Trump, which instigated fear and volatility across both traditional and digital markets.

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