A whale sold 25,800 ETH to avoid liquidation, resulting in a leveraged loss of $31.75 million
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According to monitoring by @EmberCN, 5 hours ago, a whale faced liquidation risk due to being long ETH with leverage, and had to sell 25,800 ETH (approximately $47.81 million USDT) to reduce the liquidation line. The whale's ETH was originally purchased in July 2024 at an average price of $3,084 using leverage, and the loss on the leveraged portion alone has reached $31.75 million.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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