On-chain data shows a highly leveraged Ethereum whale suffering heavy unrealized losses and nearing liquidation as ETH prices approach critical thresholds.
An Ethereum whale, who previously rolled $125,000 leveraged long positions up to $6.99 million, is now facing sustained liquidations. The whale holds less than $2 million in principal, split between two high-leverage positions: a 25x long of 2,458.57 ETH at $4,334.10 entry, liquidating at $4,173.50 with over $400,000 in unrealized losses, and a 15x long of 11,516.70 ETH at $4,315.19 entry, liquidating at $4,170.00 with more than $1.66 million in unrealized losses.