【Crypto World】The tug-of-war around the $3000 mark for Ethereum has entered a fever pitch. A huge whale built a long position worth $537 million at $3175, and now this order is already showing a unrealized loss of $20.5 million, clearly indicating that the expected rebound has not yet arrived. More painfully, in the past 24 hours, the market has experienced $120 million in liquidations, with long positions being swept out one after another.
Interestingly, the realized price of major holders is approaching a rare historical key level. This situation has traditionally two possible outcomes: either breaking below the whale’s cost triggers a new wave of liquidations, or it rebounds to initiate a large-scale accumulation. The current scenario is like a tensioned string, ready to snap in any direction.
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FloorPriceWatcher
· 10h ago
The whales can't hold up this time either. A single order of over 500 million is floating at a loss of more than 20 million. This is probably just the beginning.
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GasFeeCry
· 11h ago
Over 500 million longs are all in the red. How tough must this whale's heart be?
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GasFeeSobber
· 11h ago
Damn, it's this whale again. Will it really buy the dip?
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MonkeySeeMonkeyDo
· 11h ago
Just a 500 million loss, even whales have their bad days.
Ethereum $3000 support level tug-of-war: whale's $500 million dilemma and market liquidation crisis
【Crypto World】The tug-of-war around the $3000 mark for Ethereum has entered a fever pitch. A huge whale built a long position worth $537 million at $3175, and now this order is already showing a unrealized loss of $20.5 million, clearly indicating that the expected rebound has not yet arrived. More painfully, in the past 24 hours, the market has experienced $120 million in liquidations, with long positions being swept out one after another.
Interestingly, the realized price of major holders is approaching a rare historical key level. This situation has traditionally two possible outcomes: either breaking below the whale’s cost triggers a new wave of liquidations, or it rebounds to initiate a large-scale accumulation. The current scenario is like a tensioned string, ready to snap in any direction.