Ethereum Whales in Complete Chaos: Incurred 31 Million Losses to Avoid Liquidation! - Coin Bulletin

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Ethereum (ETH) miner sold 25,800 ETH to prevent the liquidation of the leveraged trading position and incurred a total loss of 31.75 million dollars.

According to information shared by Wu Blockchain, a major Ethereum investor turned to selling a very large amount of ETH to prevent liquidation. The investor, who had purchased the ETH at an average of $3,084 in July 2024, was forced to sell due to adverse price movements in the market, resulting in a massive loss.

The whale struggled to maintain the leveraged long (price increase position opened with the expectation of a rise in ETH, and went into selling to prevent possible liquidation. However, this selling transaction revealed the whale's millions of dollars in losses.

Leveraged trading in the cryptocurrency markets, while promising high profits, also brings significant risks. Especially in recent times, sharp declines in the price of Ethereum can lead to serious financial losses for many investors, including whales.

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