The Impact of $4.94M ETH Long Liquidation
The cryptocurrency market experienced a significant event as the “Mysterious Whale” known as AguilaTrades faced a $4.94M loss due to the liquidation of an Ethereum (ETH) long position during a recent market drop.
Details of the Loss
With this recent liquidation, AguilaTrades has now incurred a total drawdown of over $37.48M, leaving only approximately $155K remaining in the wallet. This incident serves as a stark reminder of how a single adverse move in trading size can potentially eliminate years of accumulated profits in the volatile crypto space.
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