Massive Ethereum Liquidation as Whale Reloads Long Positions
- A Hyperliquid whale had 28,716 ETH liquidated on Oct. 9, valued at approximately $69.5 million.
- The whale added $10 million USDC in margin and purchased 9,580 ETH at $2,428 shortly after the liquidation.
- Current positions include about 78,955 ETH with liquidation points near $2,286 and $2,299.
- The whale’s total exposure is approximately $288 million with a paper loss of roughly $9.71 million.
- In a broader context, over $1.19 billion in crypto positions were liquidated within a day, predominantly from long positions.
The large-scale liquidation of Ethereum positions highlights the volatility in the crypto market and the risks associated with high leverage trading strategies. The whale’s quick re-entry into long positions suggests confidence despite significant losses.
(Source)
