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「ETH Whale」 Forced to Reduce Over 5 Million Long Position After Being Liquidated at $2030

2 hours ago

March 31st — Per HyperInsight monitoring (https://t.me/HyperInsight), Bitcoin (BTC) pulled back, dragging Ethereum (ETH) slightly lower. The “high-position unwinding ETH whale” (address 0x338) was forced to sell 500 ETH each time prices neared key decimal points of the settlement price. As of press time, it has sold 2,500 ETH consecutively, worth roughly $5.1 million, pushing the settlement price down from $2,046 to $2,030. Following ongoing position cuts, the address now holds a 25x leveraged ETH long position, with holdings dropping from 8,572 to 6,072 ETH (valued at ~$12.36 million). Its average entry price is $2,039; the position has flipped from profitable to unprofitable, with a floating loss of ~$18,000 — just 0.29% away from liquidation. The address opened a long position amid this morning’s ETH rally, adding to the position as it held floating profits until prices hit $2,089. This passively lifted its liquidation price to $2,046, creating an inversion between the liquidation price and the average entry price.
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