Ethereum Whale Holds On Despite $70M Liquidation, Still Long $196M
A whale whose roughly $70 million long position in Ethereum was liquidated is still holding bullish positions worth approximately $196 million.
According to data shared by Lookonchain, the whale’s 28,716 ETH long position was forcibly closed during the market downturn. The liquidated position was reported to be worth $69.69 million.
Despite this, the investor’s bullish positions in Ethereum were not fully closed. In its latest post, Lookonchain said the whale had a 78,955 ETH long position, worth approximately $195.57 million.
Critical levels for the remaining Ethereum positions
Lookonchain shared two new liquidation prices for the remaining positions:
- $2,299.09
- $2,286.28
These levels indicate the prices at which further forced closures could occur if the positions’ margin requirements remain unchanged.
An earlier post about the same whale reported a total long position of 98,089 ETH, worth approximately $252.3 million, with liquidation thresholds of $2,446.48 and $2,424.47. The new update shows that some of the positions were indeed liquidated following the earlier risk warning.
The dollar amounts shared represent the total size of the positions; the whale’s margin loss or net loss was not disclosed separately.