The ETH whale’s 56,667 ETH long position was liquidated, while Lookonchain reported a total loss of $44.78 million.
According to Lookonchain’s November 9 post, the entire ETH position, worth $118.4 million, was liquidated during the market decline. The $44.78 million figure in the post refers not only to the loss on this position, but to the whale’s reported total loss.
Lookonchain had reported on October 30 that the whale closed 36,517 ETH of its 93,184 ETH long position to avoid liquidation, while holding on to the remaining 56,667 ETH. The position was valued at $125 million at the time.
ETH position was liquidated despite being reduced
The previous post listed liquidation prices of $2,122.44 and $2,129.72 for the remaining position. Lookonchain had put the whale’s total loss at more than $38 million at the time; in its latest post, it gave the figure as $44.78 million.
Not investment advice.