Markets· ★★· bearish·

Whale with $187M leveraged longs liquidated for $11.74M in ETH

  • —4,890 ETH worth $11.74M liquidated at $2,356
  • —Position was part of a $187M maximum-leverage long book
  • —$2,356 marked the low of ETH's overnight decline
Why it matters: It shows how maximum leverage on large positions amplifies liquidation cascades when ETH dips.
#ETH
Source: PANews
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