Ethereum whale absorbs $70M liquidation, still holds $196M long
- —28,716 ETH long liquidated for $69.69 million
- —Remaining position: 78,955 ETH worth about $195.57 million
- —New liquidation levels at $2,299.09 and $2,286.28
- —Position was previously 98,089 ETH, or $252.3 million
Why it matters: The remaining long is still at risk of liquidation, which could add selling pressure on ETH near $2,300.
Source: Koin Bülteni