🚨 HOLY SH*T! A MASSIVE ETH WHALE JUST GOT DESTROYED! 💀
This trader opened a massive $214 MILLION ETH LONG on October 24.
Here's how the disaster unfolded:
📅 October 24:
Opened a 93,184 ETH long worth $214M.
📅 October 25:
Down $18M in unrealized losses. Added another $5.6M to avoid liquidation.
📅 October 30:
Closed 36,517 ETH worth $80.56M to survive, but still held 56,667 ETH worth $125M.
🚨 Last Night:
ETH crashed, triggering FULL LIQUIDATION of the remaining 56,667 ETH long position worth approximately $118.4M.
💀 THE FINAL DAMAGE:
His cumulative lifetime losses have now exceeded $44 MILLION across his accounts.
This is a brutal reminder of what excessive leverage can do, even to traders controlling hundreds of millions of dollars.
The biggest wallet doesn't always win. Sometimes, one market move is enough to wipe out everything.
$JCT $BTC $ETH
🔥 Is this the most brutal ETH liquidation we've seen, or will someone break this record?
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #CPITestsDecemberRateOutlook #AnthropicRejectsIPODelayValuationinQuestion #AnthropicRejectsIPODelayValuationinQuestion
This trader opened a massive $214 MILLION ETH LONG on October 24.
Here's how the disaster unfolded:
📅 October 24:
Opened a 93,184 ETH long worth $214M.
📅 October 25:
Down $18M in unrealized losses. Added another $5.6M to avoid liquidation.
📅 October 30:
Closed 36,517 ETH worth $80.56M to survive, but still held 56,667 ETH worth $125M.
🚨 Last Night:
ETH crashed, triggering FULL LIQUIDATION of the remaining 56,667 ETH long position worth approximately $118.4M.
💀 THE FINAL DAMAGE:
His cumulative lifetime losses have now exceeded $44 MILLION across his accounts.
This is a brutal reminder of what excessive leverage can do, even to traders controlling hundreds of millions of dollars.
The biggest wallet doesn't always win. Sometimes, one market move is enough to wipe out everything.
$JCT $BTC $ETH
🔥 Is this the most brutal ETH liquidation we've seen, or will someone break this record?
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #CPITestsDecemberRateOutlook #AnthropicRejectsIPODelayValuationinQuestion #AnthropicRejectsIPODelayValuationinQuestion
