ETH Whale Suffers $45M Loss as Leveraged Position Liquidated

An institution that previously profited $76M from Ethereum trading adds 60,333 ETH at higher prices during recent price drops, now facing substantial unrealized losses.

ETH

170d ago

Summary

An Ethereum whale that previously made $76.05 million from trading ETH is continuing to buy Ethereum during the recent price decline. The entity has purchased 60,333 ETH at an average price of $4,256, now facing an unrealized loss of around $20 million. This includes buys of 16,569 ETH at $4,484 on Sept. 20, 20,000 ETH at $4,298 on Sept. 22, 13,764 ETH at $4,133 on Sept. 25, and 10,000 ETH at $3,965 on Sept. 26. Earlier in June, the same entity bought 132,000 ETH during a market dip and sold above $2,600, making a $50 million profit.

Terms & Concepts

Whale: A term used in cryptocurrency markets to refer to an individual or entity that holds a large amount of a particular asset, typically influencing market prices with their trades.
Unrealized Loss: The potential loss on an investment that has not yet been sold or closed out, based on the current market value.
ETH: Abbreviation for Ether, the native cryptocurrency of the Ethereum blockchain, used to power transactions and smart contracts.