The liquidation price for a $230 million long position in ETH held by a major whale is only $350.
According to Odaily, on-chain analyst Yu Jin has monitored that a whale with $230 million in long positions has a liquidation price for $600 million worth of ETH longs at $2,290.
As ETH just dropped to $2.6K, it is now only $350 away from his liquidation price.
His position is currently at an unrealized loss of as much as $120 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Senate Finance Committee Chair subpoenas Jensen Huang and Lutnick to testify on Nvidia controversy
The AI feast continues! Anthropic (ANT.US) IPO oversubscribed six times, expected to surpass SpaceX as the "largest IPO in history"
According to sources familiar with the matter, Anthropic PBC's initial public offering (IPO) has attracted orders that are approximately six times the available shares for subscription, as market interest continues to rise in what could become the largest IPO in history.
Crypto prices
More
