Just discovered that a whale's long position of 56,900 ETH, $ETH , was liquidated, resulting in a net loss of $21.26 million.
Ethereum has been volatile since June. I have to admire the whale's nerve.
Unfortunately, on-chain data shows that they opened a long position on 8/26 at $2,524 and were liquidated on 11/9 at $2,112.
Their peak position reached 56,900 ETH, with a notional value approaching $140 million. We can all guess what happened next: the market fluctuated, the whale stubbornly refused to admit defeat, and eventually the entire position was forcibly liquidated—back to zero.
“Going long at the top” → “stubbornly holding on” → “liquidation”—a classic cautionary tale about leverage.
#比特币连续五周下跌 $BTC
Ethereum has been volatile since June. I have to admire the whale's nerve.
Unfortunately, on-chain data shows that they opened a long position on 8/26 at $2,524 and were liquidated on 11/9 at $2,112.
Their peak position reached 56,900 ETH, with a notional value approaching $140 million. We can all guess what happened next: the market fluctuated, the whale stubbornly refused to admit defeat, and eventually the entire position was forcibly liquidated—back to zero.
“Going long at the top” → “stubbornly holding on” → “liquidation”—a classic cautionary tale about leverage.
#比特币连续五周下跌 $BTC
