The initial capital was about $69.21 million, with only $620,000 left.
Ember detected at 22:47 yesterday: a whale that started going long in late August had combined BTC and ETH long positions worth around $493 million, and they were completely wiped out. The positions were about 1,543.87 BTC (average entry price around $82,205) and 115,470 ETH (average entry price around $2,604); the final position to be liquidated was worth about $80.12 million. The initial capital was about $69.21 million, with only around $620,000 left on the books—a loss of about $68.59 million.
These were on-chain liquidations from last night, not a fresh blowup this morning. Bitcoin is still hovering around $71,100, far below its average entry price. Leverage is hard to notice when things are lively, but settlement makes everything crystal clear.
$BTC $ETH $BNB
Ember detected at 22:47 yesterday: a whale that started going long in late August had combined BTC and ETH long positions worth around $493 million, and they were completely wiped out. The positions were about 1,543.87 BTC (average entry price around $82,205) and 115,470 ETH (average entry price around $2,604); the final position to be liquidated was worth about $80.12 million. The initial capital was about $69.21 million, with only around $620,000 left on the books—a loss of about $68.59 million.
These were on-chain liquidations from last night, not a fresh blowup this morning. Bitcoin is still hovering around $71,100, far below its average entry price. Leverage is hard to notice when things are lively, but settlement makes everything crystal clear.
$BTC $ETH $BNB