Whale closes 36,500 ETH to avoid liquidation, losing over $38M
- —Closed 36,517 ETH worth $80.56M to cut liquidation risk
- —Remaining position: 56,667 ETH worth $125M
- —New liquidation prices at $2,122.44 and $2,129.72
- —Cumulative losses on the position exceed $38M
Why it matters: Forced deleveraging near $2,120–2,130 adds selling pressure on ETH and raises the risk of a liquidation cascade.
Source: PANews