Ethereum Whale Liquidated $69M During Price Dip to $2.42K
An Ethereum whale faced a $69 million liquidation as the price dipped to $2,420, according to Cryptonews.
A large trader was liquidated for $69 million in $ETH positions as the price of Ethereum dipped to $2,420, according to Cryptonews. Despite the heavy losses, the whale reloaded positions following the market move.
Liquidation Event
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The sharp market downturn triggered significant liquidations across the derivatives sector, with the large investor bearing a substantial portion of the losses during the drop to the $2.42K level.
Key facts
- $69 million: Liquidated position size for the single whale.
- $2,420: Price level reached during the Ethereum dip.
- Reloaded: The whale re-entered positions after the liquidation.
Source: news.google.com
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