Whale ETH Leverage Position Stop-Loss and Reduce Position, Selling 50,000 ETH to Lower Liquidation Price to Around $1,600

According to monitoring by crypto analyst Yu Jin, a whale who suffered a loss of approximately $230 million due to an ETH long position liquidation on Hyperliquid three days ago has recently begun to stop losses and reduce leverage on its on-chain spot leverage positions. The address has sold about 50,000 ETH, valued at approximately $112.8 million, to alleviate liquidation pressure.

Monitoring shows that on January 27, the whale used borrowing leverage to go long on 148,000 ETH (worth about $426 million) at an average price of around $2,883. Subsequently, the price of ETH quickly dropped to around $2,200, which not only caused the liquidation of its ETH long position on Hyperliquid but also pushed its on-chain leverage position close to the liquidation line. By reducing its position by 50,000 ETH over the past two days, its overall liquidation price has been lowered to around $1,600.

As of now, the address still holds approximately 33,000 BTC (about $2.52 billion) and 748,000 ETH (about $1.693 billion) on-chain, with total assets amounting to roughly $4.213 billion.