derivatives

One Whale Lost Nearly $70M in ETH – Another Got Wrecked Long and Short

0Importance
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1News media
1Pieces
Published
Updated
Since then
1 new report
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BTC

A whale’s 28,716-ETH long was liquidated for about $69.69 million, while a separate large ETH long remained open at roughly $196 million. Another writeup puts the remaining position at 78,955 ETH, and one later item says the whale kept adding after the liquidation. A broader market note says bitcoin fell from $87,000 to below $81,000 over a few days and altcoins moved with it.

Key claims & sources

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The whale still held a remaining leveraged Ether long valued at roughly $196 million.
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A 28,716-ETH long was liquidated for about $69.69 million.
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Bitcoin fell from $87,000 to under $81,000 over a few days, and altcoins moved with it.

What it means

ETH traders watching large leveraged positions notice that one whale’s long was liquidated while a sizable remaining long stayed open. That leaves the market with a very large ETH position still in play, alongside a liquidation event already recorded.

Market reaction i

EthereumETH the event is about this asset
first headline
+0.2% 2 h before
+0.6% 4 h after
$2,476price at publication
13data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 9 12:55
CP CryptoPotato scoop
Breaks the event: $195M

Has this happened before?

WhenWhat happenedFigure
30 days ago Crypto Futures Liquidations Reach $699 Million as Long Positions Dominate event 1 actors in common · 3 news media
30 days ago Liquidations jump to $547 million as oil rally hits crypto market event 1 actors in common · 2 news media
31 days ago Bitcoin Drops Below $84,000 as Crypto Liquidations Top $400 Million event 1 actors in common · 2 news media
32 days ago Crypto Traders See $32.39 Million in Liquidations in One Hour event 1 actors in common · 2 news media
33 days ago Trader Opens $64.3 Million Ether Long After $471,000 Loss event 1 actors in common · 2 news media