Whale's Ethereum Positions Face Significant Losses Amid Market Decline

According to BlockBeats, on-chain analyst Ai Yi has reported that a major cryptocurrency whale opened two leveraged long positions on Ethereum just before a market downturn. The first position, with a 25x leverage, is valued at $24 million, with an entry price of $3,467.75 and a liquidation price of $2,779. This position is currently experiencing an unrealized loss of $1.98 million. The second position, also with a 25x leverage, is valued at $22.6 million, with an entry price of $3,396.43 and a liquidation price of $2,196.54. This position is facing an unrealized loss of $1.36 million. The whale's strategic moves have resulted in significant financial exposure amid the recent market volatility.