「High-Leverage Long ETH」 Whale Forced to Reduce Position by Over 5 Million, Next Liquidation Price $2030

BlockBeats News, March 31st, according to Hyperinsight monitoring, BTC's fall dragged down ETH slightly. The whale ("0x338") who "rolled over ETH at a high position" was forced to liquidate 500 ETH as each round of price approaching the liquidation price decimal point, and has been continuously reducing holdings by 2500 ETH as of the time of writing, approximately $5.1 million, to lower the liquidation price. The liquidation price dropped from $2046 to $2030.

After continuous reduction of positions, the address currently holds a 25x leveraged ETH long position, with the position size decreasing from 8572 ETH to 6072 ETH, approximately $12.36 million, with an average entry price of $2039. The position has changed from a profit to a loss, with a floating loss of approximately $18,000, only 0.29% away from liquidation.

This address opened a long position during this morning's ETH surge, continuously increasing the position with unrealized gains, adding all the way up to the $2089 price, causing the liquidation price to passively rise to $2046, momentarily inverting the average price.

Note: At 17:17, ETH briefly dropped below $2030, and the address once again reduced its long position by 500 ETH, with the next liquidation price at $2023.