A prominent Ethereum whale, known for selling HYPE and opening long positions on ETH, has incurred significant losses due to recent market downturns. According to monitoring by @EmberCN, the whale executed a stop-loss on 41,900 ETH, valued at approximately $177 million, following a drop in ETH prices. Over the past nine days, the whale has experienced cumulative losses totaling $31 million from multiple stop-loss events.
Currently, the whale's remaining long position stands at 36,500 ETH, worth $157 million, with a liquidation price set at $4,099. This development highlights the volatility and risks associated with leveraged trading in the cryptocurrency market.
Ethereum Whale Faces $31 Million Loss After Multiple Stop-Losses
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