If you're still ignoring whale liquidation prices on major assets, stop now.
Too many traders get flushed out chasing dips only to watch a single oversized position trigger a cascade that wipes their gains. We've all been there, thinking the bottom is in until that liquidation hits.
There's a reported whale sitting on 39,025 $ETH worth around $99.8M with a liquidation price of $2,501.38. That's not pocket change.
If ETH tests those levels it could spark the kind of selling we saw in previous cycles with $BTC whales getting rekt. Similar setups in competing chains like $SOL led to even sharper corrections when their big holders folded.
It feels like watching a slow motion car crash sometimes. History shows these setups rarely end well for the late longs.
Where do you think this goes from here if that liquidation level gets tested?
#ETH #Whales #Crypto
Too many traders get flushed out chasing dips only to watch a single oversized position trigger a cascade that wipes their gains. We've all been there, thinking the bottom is in until that liquidation hits.
There's a reported whale sitting on 39,025 $ETH worth around $99.8M with a liquidation price of $2,501.38. That's not pocket change.
If ETH tests those levels it could spark the kind of selling we saw in previous cycles with $BTC whales getting rekt. Similar setups in competing chains like $SOL led to even sharper corrections when their big holders folded.
It feels like watching a slow motion car crash sometimes. History shows these setups rarely end well for the late longs.
Where do you think this goes from here if that liquidation level gets tested?
#ETH #Whales #Crypto