Ethereum Whale’s $230M Long Liquidated After Price Falls to $2,200

Ethereum Whale’s $230M Long Liquidated After Price Falls to $2,200

Recent market volatility saw Bitcoin drop to $75,000 and ETH below $2,400, triggering major whale liquidations and highlighting the high risks of leveraged crypto trading.

BTC
ETH
SOL

Fact Check
The assessment is based on strong, consistent evidence from multiple credible sources confirming the general context of the claim. Several high-authority sources, including a crypto data platform (CryptoRank.io), a news outlet on TradingView, and a post from CoinMarketCap, all corroborate that a massive crypto liquidation event, totaling over $1 billion, occurred. Crucially, one highly relevant source explicitly states that Ethereum liquidations were a significant part of this event, directly linking the general market crash to the specific asset mentioned in the claim. The claim's specific figures—a $600 million long position liquidated at a price of $2,510—are highly plausible within the confirmed context of a market-wide liquidation exceeding $1 billion. While the provided source summaries do not explicitly repeat these exact numbers, they establish the event's scale and Ethereum's involvement, making the specific details highly likely. There is no conflicting evidence from any of the relevant sources; the irrelevant sources discuss the stock market or a different, smaller crypto liquidation event. The consistency and authority of the supporting sources, coupled with the absence of contradictions, lead to a high-confidence assessment that the statement is likely true.
Summary

On February 1, a crypto whale’s $230 million ETH long position on Hyperliquid was liquidated at $2,200, wiping out the 230 million USDC margin after nearly two months in the trade. This occurred amid broader market declines on February 2, when Bitcoin fell to $75,000 and Ethereum dropped below $2,400. Major long-position whales suffered heavy losses, with $700 million in ETH and SOL liquidations, while some lost over $268 million in two weeks. In contrast, short-focused whales secured substantial profits, including one BTC short that gained $9.68 million over the weekend. Despite the losses, the whale retains $4.8 billion in assets, including 901,000 ETH and 33,000 BTC.

Terms & Concepts
  • Long Position: A trading stance where an investor benefits if the asset price rises.
  • Liquidation: The process of closing a leveraged position when the asset price reaches a preset threshold, to prevent further losses.
  • Whale: A market participant holding large amounts of cryptocurrency, capable of influencing price movements.