A whale holding a long position of 4,500 ETH faced significant liquidation pressure, resulting in six consecutive liquidations totaling approximately $4.91 million, according to Hyperinsight monitoring. This marks the largest on-chain liquidation event today. The address still maintains a long position valued at about $9.55 million.
The breakdown of the liquidated assets includes 1,620 ETH, valued at approximately $3.67 million, with a remaining position of $6.62 million and a liquidation price of $2,250. Additionally, 10.8 BTC were liquidated, worth around $830,000, leaving a position of $1.48 million at a liquidation price of $70,020. Furthermore, 99,000 HYPE tokens were liquidated, valued at about $410,000, with a remaining position of $1.46 million at a liquidation price of $37.45.
The whale initially opened a 25x leveraged long position in ETH last Monday and added another 500 ETH yesterday. However, two consecutive market downturns led to combined losses of approximately $610,000 across the three long positions.
Whale Faces $4.9M Liquidation in Largest On-Chain Event
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