ETH fell back through the gate, [the whale 0xa339 who went long on ETH through leveraged loans] sold 5,094 ETH again to maintain his position. He has realized a loss of up to $40 million on ETH.
◎ Last time on 3/11 when ETH dropped significantly, he sold 25,800 ETH to reduce his liquidation line, resulting in a realized loss of $31.75 million.
◎ As ETH further declined and approached his liquidation line, he had to sell 5,094 ETH at a price of $1,471 just 5 hours ago, converting it to 7.49 million USDT to repay, bringing down the liquidation price to $1,246.
◎ The ETH he holds was bought with leverage at an average price of $3,084 in July 2024. Currently, just these two sell-offs of ETH have resulted in a realized loss of $40 million.
◎ He still has 30,000 ETH on Aave.
Address: 0xa339d279e0a3a9ede11eceac2ec9529eebdae12c
◎ Last time on 3/11 when ETH dropped significantly, he sold 25,800 ETH to reduce his liquidation line, resulting in a realized loss of $31.75 million.
◎ As ETH further declined and approached his liquidation line, he had to sell 5,094 ETH at a price of $1,471 just 5 hours ago, converting it to 7.49 million USDT to repay, bringing down the liquidation price to $1,246.
◎ The ETH he holds was bought with leverage at an average price of $3,084 in July 2024. Currently, just these two sell-offs of ETH have resulted in a realized loss of $40 million.
◎ He still has 30,000 ETH on Aave.
Address: 0xa339d279e0a3a9ede11eceac2ec9529eebdae12c
