Whale betting on a rebound sees $11.74 million ETH long position liquidated at $2,356.

BlockBeats news, October 18 - According to on-chain analyst Yu Jin's monitoring, the whale who opened a high-leverage long position of approximately $187 million in the early hours of the day before yesterday, betting on a rebound, has had part of their position liquidated.

Their long position of 4,890 ETH (approximately $11.74 million) was liquidated at $2,356 during the decline at 5 AM today. This liquidation price happened to be at the low point of ETH's flash crash in the early hours of this morning. This liquidation may have contributed to the formation of the low point.