Major cryptocurrency whales have been actively adjusting their positions as Ethereum's price dropped below $2,700 amid escalating geopolitical tensions. The 'CZ Counterparty' was notably liquidated for $177 million in long positions, incurring losses of $48.2 million, with only $66 million in long positions remaining. Meanwhile, 'MG1' Huang Li Cheng closed an ETH long position with a $1.584 million loss but quickly re-entered the market with a 25x leveraged long position of 700 ETH at an average price of $2,727.04. Additionally, the whale known as 'pension-usdt.eth' closed all 3x ETH short positions, securing a profit of approximately $2.7 million.