One Whale took a loss of several million dollars on his bullish efforts Thursday after Cryptocurrency’s award dipped under $ 4,000 for the first time since August 8th.
The whale address labeled 0xa523 had its geared bullish position worth 9,152 ETH ($ 36.4 million) with power liquidated by the decentralized exchange hyperliquid, according to blockchain analyst Lookonchain. This liquidation pushed the whale’s total loss over $ 45 million, leaving its balance below $ 500,000.
Ether’s award hit a low level of $ 3,983 in the Asian hours as the wider cryptocurrency market, including wilted in the midst of an increased likelihood of a US government’s shutdown this year.
About $ 100 million in geared bets were liquidated in Asian trade times, with over $ 90 million involving Bullish positions, according to Data Source Coinglass. This data suggests that leverage was predominantly tilted against the positive side and focused on Ether price assessment.
