A whale's $140 million long position was liquidated, and after losing $61.41 million, the whale still holds $113 million in long positions
Odaily reports: According to monitoring by on-chain analyst Yu Jin, a whale's long position worth approximately $140 million was liquidated during the drop at 6 AM, with a loss of about $61.41 million. Of this, 63,000 ETH (worth approximately $135 million) was liquidated, realizing a loss of about $48.47 million; 60.8 BTC (worth approximately $4.56 million) was liquidated, realizing a loss of about $550,000. After liquidation, the whale still holds BTC and ETH long positions worth approximately $113 million, with an unrealized loss of about $12.39 million; the liquidation price of the BTC long position is $72,197, and the liquidation price of the ETH long position is $2,004.
A whale’s ~$140M BTC/ETH long was liquidated in the drop, forcing out 63,000 ETH at a ~$48.5M loss. This confirms leveraged longs are being deleveraged and adds visible sell pressure, especially in ETH; the remaining ~$113M long keeps further forced-selling risk alive, so BTC/ETH are short-term bearish (medium).