ETH Whale Liquidated for $4.64M on 18x Short
An Ethereum whale was liquidated twice within 30 minutes, losing $4.64M on an 18x leveraged short position after flipping bearish following four consecutive stopped-out longs. The liquidation occurred as ETH rallied, wiping out the position.
Detected & updated continuously · Source: Ruma
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Ethereum (eth)Sources
@EyeOnChain
ETH short has turned into a nightmare😵.... Wallet 0x50b3 was liquidated twice within just 30 minutes and also reduced the position once, taking a realized loss of $4.64M on a single trade. The trader's original 23x $ETH short, once worth nearly $89.86M, has been cut by 31,600 https://t.co/wuDi6QsHye
@EyeOnChain
So after getting stopped out on four consecutive ETH longs, wallet 0xa2e...f1468 flipped bearish, only to run straight into a massive rally. Yesterday, the trader opened an 18x short on 22,000 $ETH , worth around $37.59M. Current position: Size: 22,000 ETH (~$37.59M), Entry: https://t.co/KiDcwMp3xA