A $140 million long position—gone just like that.
The market plunged rapidly this morning, and a massive liquidation appeared on-chain: a whale’s long position worth approximately $140 million was forcibly liquidated, resulting in an actual loss of as much as $61.41 million. That’s far beyond what ordinary retail traders can withstand.
Highly leveraged longs are being liquidated in waves—a classic sign of deleveraging during a downturn. Forced liquidations often bring concentrated selling pressure, weighing on short-term sentiment, especially leveraged sentiment around major coins like ETH.
Two things to watch: first, whether funding rates turn negative; second, whether open interest drops rapidly. If panic-driven deleveraging continues to accelerate, volatility will rise further.
Which are you watching more closely: funding rates or open interest?
Source: BlockBeats
Image 1: Whale’s $140 million long position liquidated, losing $61.41 million · Key news
Image source: https://www.theblockbeats.info/flash/376205
The market plunged rapidly this morning, and a massive liquidation appeared on-chain: a whale’s long position worth approximately $140 million was forcibly liquidated, resulting in an actual loss of as much as $61.41 million. That’s far beyond what ordinary retail traders can withstand.
Highly leveraged longs are being liquidated in waves—a classic sign of deleveraging during a downturn. Forced liquidations often bring concentrated selling pressure, weighing on short-term sentiment, especially leveraged sentiment around major coins like ETH.
Two things to watch: first, whether funding rates turn negative; second, whether open interest drops rapidly. If panic-driven deleveraging continues to accelerate, volatility will rise further.
Which are you watching more closely: funding rates or open interest?
Source: BlockBeats
Image 1: Whale’s $140 million long position liquidated, losing $61.41 million · Key news
Image source: https://www.theblockbeats.info/flash/376205
