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「$125,000 ETH Long Liquidation」 Whale Long Position Loses Another $72,000, Remaining Balance Drops to $58,000
BlockBeats News, August 28, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the whale who opened a $125,000 ETH long position has once again lost $72,000, leaving only $58,000 in the account.
ETH rose to $4,664 last night and fell back this morning. The whale was forced to partially close the position to avoid liquidation. They still hold a 25x leveraged ETH long position worth $1.79 million. Due to limited available margin, the whale can only roll over the position if they want to make a comeback, making their liquidation risk extremely high.
It is reported that the address initially started with a $125,000 investment in a leveraged ETH long position, reaching a peak where they once had a floating profit of $43 million.
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