A major crypto whale has reduced leverage after taking a ~$230M loss on an ETH trade 📉. According to ChainCatcher, the investor sold 50,000 $ETH (~$112.8M) 💰 to ease liquidation pressure.
The whale originally bought 148,000 ETH using leverage at an average of $2,883 🧮, but a sharp drop to around $2,200 triggered liquidation on Hyperliquid ⚠️. After trimming the position, the liquidation level has been pushed down to ~$1,600 🛡️.
📊 Current Holdings:
• 33,000 $BTC 🟠
• 748,000 $ETH 🔷
• Total Value: ~$4.21B 💎
ETHUSDT
Perpetuu
2,106.45
-7.63%
BTCUSDT
Perpetuu
71,138.6
-6.86%