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

UNCLASSIFIEDOne Whale Lost Nearly $70M inETH – Another Got WreckedLong and Short11IMPORTANCECLOSED1NEWS MEDIA1PIECESOct 9, 2026 00:37blockboard.net

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.

What this rests on

Claim by claim, with its source
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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

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

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

ET Ethereum the event is about this asset from 2 h before to 4 h after the line marks the first headline
published
+0.18 % before publication
+0.64 % after
$2,476price at publication
13series points

How the story was built

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
CR CryptoPotato scoop
Breaks the event: $195M

Has this happened before?

WhenWhat happenedFigure
9 days ago BitGo And HashKey Expand Asia Partnership Across Staking, Custody And Tokenization event 1 actors in common · 6 news media
9 days ago Justin Drake urges crypto to plan for 'bunker mode' as AI math threatens ECDSA event 1 actors in common · 2 news media
9 days ago Justin Drake Urges ‘Bunker Mode’ Planning for Ethereum ECDSA Risk event 1 actors in common · 2 news media
9 days ago Ethereum Researcher Justin Drake Warns of ECDSA Risks for Crypto Holders event 1 actors in common · 2 news media
9 days ago SEC Approves 3x ETFs Tied to Bitcoin, Ethereum and Gold event 1 actors in common · 3 news media

What could happen next

What the prediction markets currently price as likely. This is context, not a forecast of ours: there is money on it, and that is all we show.

1 % no series
Kalshi · $105,251 of open interest · resolves on Oct 11, 2026