A whale holding a long position of about 93,000 ETH (worth approximately $214 million) just added $5.67 million in USDC margin to avoid liquidation. The new liquidation price is around $2,180, about 8% below the current price, and the position is currently down approximately $18.62 million on paper. Adding margin suggests the whale doesn’t want to cut losses, but if ETH falls close to $2,180, it could trigger a cascade of liquidations.