PANews reports that on-chain analyst Yu Jin observed a whale with a 75% win rate in four ETH trades nearly liquidating 14,000 ETH, with a swift WhiteBIT fund withdrawal raising the liquidation price amid volatile market conditions.
According to PANews on August 7, on-chain analyst Yu Jin reported that a whale executing four ETH trades at a 75% win rate nearly faced full liquidation when 14,000 ETH were liquidated as ETH hit $3,698.8 on OKX. The whale's 70,000 ETH short position was liquidated at $3,699, but prompt margin replenishment from WhiteBIT pushed the liquidation price up to $3,724. (A previous report mentioned a 15x leverage position.)