Some ETH long whale closes position 36,517 units ETH to avoid liquidation, still holding 56,667 units ETH
BIBIBI
AT A GLANCE
BlockBeats, citing Lookonchain, reported that a ETH long whale reduced its position to avoid liquidation but still held a position worth 125000000 USD.
Article
🔍 On-Chain Detective | Some ETH Long whale closes part of its position to avoid liquidation, still holding a position worth 125000000 USD position
BlockBeats reports that October 30, according to monitoring by Lookonchain, a whale holding 93184 units of ETH(worth 214000000 USD) in a long position has closed 36517 units of ETH(worth 80560000 USD) to avoid liquidation, and still holds 56667 units of ETH(worth 125000000 USD). The new liquidation prices for the two addresses are 2122.44 USD and 2129.72 USD, respectively, and the whale’s cumulative losses have exceeded 38000000 USD.
Original link https://m.theblockbeats.info/flash/374525
Key points
01
BlockBeats stated that the information came from Lookonchain monitoring.
02
The whale originally held 93184 units ETH in a long position; the article stated that their value was 214000000 USD。
03
The whale has closed 36517 units ETH; the article stated that their value was 80560000 USD, with the aim of avoiding liquidation.
04
The whale still holds 56667 units ETH; the article stated that their value was 125000000 USD。
05
The new liquidation prices for the two addresses are 2122.44 USD and 2129.72 USD。
06
The article stated that the whale’s cumulative losses had exceeded 38000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A large position holder who was long ETH proactively closed part of the position to reduce the risk of forced liquidation, but the remaining position is still substantial. The liquidation price is the price at which a position may be forcibly closed by the system due to insufficient margin.
Why it matters to readers
The liquidation prices for the remaining 56667 units ETH in the long position are concentrated around 2122.44 USD and 2129.72 USD. If the position is liquidated, it could result in a large transaction, but the original text does not state whether liquidation will subsequently occur.
Beginners may view this as a leveraged-trading risk case: even after voluntarily reducing a position, the holder may still face loss and liquidation risks, and trading decisions should not be based solely on a single whale’s position.
Risks and unknowns
The original text did not provide the relevant wallet addresses or original on-chain records, so the position data cannot be independently verified on this basis.
The original text does not state the leverage multiple, margin size, or whether additional margin was subsequently provided.
The original text does not confirm whether the whale will continue reducing its position or ultimately be liquidated.
The whale’s real identity has not been disclosed.
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Related concepts
Long Position
This term is not in the glossary yet. Browse related concepts in the glossary.
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
