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ETH holdings undergo huge change: over 25x long position unrealized loss exceeds 660,000, whale's holdings shrink to 3,440 ETH
【Blockchain Rhythm】According to on-chain data monitoring, on January 20th, the ETH market continued to face downward pressure, and a once large long position was hit by a series of blows. This 25x leveraged ETH long position, after floating losses of over $660,000, has a liquidation price set at $3,019.84.
More importantly, the change in the size of this position—at its peak, it surged to 10,000 ETH holdings, but after multiple partial liquidations, only 3,440 ETH remain. Going from ten thousand to just over three thousand, those who did not cut losses or add insurance in time directly pushed the account to the high-risk boundary.
During market downturns, the dangers of high leverage are once again reflected in this trade’s ledger.