On-chain data has traced a highly watched whale holding a long position worth $237 million, which is currently under severe stress. This trader has already incurred an unrealized loss of over $40.3 million, with the most sensitive being a long position of 57,100 ETH—precisely at the liquidation line of $2,714.
How tense is the current situation? ETH price has been oscillating around $2,800, and any 3% drop could trigger liquidation of this billion-level position. When ETH briefly fell to $2,623 a couple of days ago, it was only $28 away from liquidation, causing market spectators to hold their