A whale that previously opened a $187 million leveraged long position saw 4,890 ETH worth $11.74 million liquidated at $2,356 during an early morning selloff on October 18, according to on-chain analyst Ember. The liquidation price coincided with the lowest point of Ethereum's decline in the pre-dawn hours, highlighting how quickly even large positions can be wiped out when markets move sharply against max-leverage bets.