Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum Whale Liquidates 10,543 ETH Long Position

Ethereum Whale Liquidates 10,543 ETH Long Position

Coinlineup2025/05/17 16:33
By:Coinlineup
Key Points:

  • Ethereum whale liquidates amid volatile market conditions.
  • Realized loss of $1.42 million.
  • Triggers broader market and volatility concerns.
Ethereum Whale Liquidates 10,543 ETH Long Position

This liquidation highlights the risks associated with leveraged positions, particularly during volatile markets, and raises concerns about potential cascading effects on Ethereum and other cryptocurrencies.

The whale, whose identity remains undisclosed, borrowed approximately 8,613 ETH and $5 million USDT to accumulate the position. Recent data shows the liquidation occurred as ETH traded near key support levels, affecting the market.

A major ETH trader liquidated 10,543 ETH at an average price of $2,473.61 within the past hour, totaling $26.08 million. The trader’s average long entry was $2,608.36, resulting in a realized loss of $1.42 million for this round. Ai 姨, On-chain Analyst, Twitter

Immediate market reactions include downward pressure on ETH prices and possible triggers for additional liquidations. Analysts suggest watching other top wallets for similar behaviors, as market volatility remains high, posing larger systemic risks.

The implications extend beyond financial markets; the event influences trader strategies and market sentiment. On-chain data and historical precedents underscore potential shifts in the crypto ecosystem’s landscape.

Future considerations include monitoring regulatory impacts and tech developments, as such liquidations might prompt new financial and oversight measures. While the immediate effect centers on Ethereum, broader repercussions could surface depending on market stability.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!