According to BlockBeats, on August 5, a sudden sharp decline in Ethereum's price led to the liquidation of several leveraged ETH whale addresses. This liquidation further accelerated the price drop, resulting in a more than 20% decrease in ETH value.

Some of the whale addresses that were liquidated include:

- Address 0x1111567e0954e74f6ba7c4732d534e75b81dc42e was liquidated for 6,559 ETH to repay a loan of 277.9 WBTC.

- Address 0x4196c40de33062ce03070f058922baa99b28157b was liquidated for 2,965 ETH to repay a loan of 7.2 million USDT.

- Address 0x790c9422839fd93a3a4e31e531f96cc87f397c00 was liquidated for 2,771 ETH to repay a loan of 6.06 million USDC.

- Address 0x5de64f9503064344db3202d95ceb73c420dccd57 was liquidated for 2,358 ETH to repay a loan of 5.17 million USDC.

The rapid liquidation of these leveraged positions contributed to the significant drop in Ethereum's price, highlighting the risks associated with high leverage in volatile markets.