ETH Near Liquidation at 4% From $3,333 as Whale’s 14-Win Run Turns into a $40.4M Loss
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News, reporting on November 4, cites on-chain analyst Yu Jin who tracks a prominent wallet with a proven win profile. The market sits roughly 4% away from the liquidation threshold for the ETH and SOL long positions tied to that address, signaling near-term liquidity risk for large holders.
The liquidation level sits at $3,333 for ETH and $148 for SOL, per the on-chain framework underpinning the observation from COINOTAG News.
After a streak of 14 consecutive wins delivering $15.83 million in profit, the run has been wiped clean, resulting in a $40.4 million loss. The episode underscores the risk controls and volatility inherent in leveraged crypto long bets.