Ethereum whale's $214M long sits 5% above liquidation as ETF outflows mount
- —The 93,184 ETH ($214M) long is split into two positions liquidating at $2,181.69 and $2,177.79
- —The whale posted $5.67M in USDC margin on October 25, lowering liquidation levels by about $75
- —US spot ETH ETFs lost $220.7M from October 19–23, with ETHA shedding $75.5M on October 22 alone
- —The second threshold at $2,177.79 sits just ~$20 above Ethereum's 200-day moving average near $2,158
Why it matters: A forced unwind of a position this size would add involuntary sell pressure to an already weak market and could accelerate a drop toward Ethereum's 200-day moving average.
Source: Cryptonews.net