An ETH whale liquidated 6,401 ETH, losing $1.974 million

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ODAILY
03-13
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According to on-chain analyst @ai_9684xtpa's monitoring, a certain whale address cleared its position of 6,401 ETH (about $12.23 million) purchased in December 2023 three hours ago, incurring a loss of $1.974 million. The whale's cost basis was $2,219, and the selling price was $1,910, a 14% decline in asset value over 15 months. Although the whale earned yield by staking ETH in multiple LRT (Liquidity Rebasing Protocols) during this period, it was still unable to offset this loss.

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