Data: A whale who once long ETH lost $8.22 million and sold 2,200 ETH, losing nearly $BTC
According to on-chain data analyst @ai_9684xtpa, a whale who previously went long on ETH with leverage has lost $8.22 million. The whale's long position on ETH has started to be liquidated. They had gone long on 3,594 ETH (around $9.19 million) at an average price of $2,484 on September 20-21, with a peak unrealized profit of $536,000, but did not close the position. Instead, they sold 2,200 ETH at an average price of $2,365 within 2 hours to cut their losses, resulting in a loss of nearly $260,000. Currently, the whale still holds 1,394 ETH and has borrowed 103,000 ETH, with a health ratio of 2.66.
