ETH Whale Liquidated After Martingale Long Bet; 17,804 ETH ($51.5M) Lost Over $10M Since September

COINOTAG News reported on November 20, citing MLM Monitor, that a substantial Ethereum whale had maintained a large ETH long position for over three weeks and added to the exposure via a martingale strategy during the downturn, culminating in a liquidation event.

The address carried 17,804 ETH, valued at roughly $51.5 million at the time. Since the end of September, the whale’s two linked accounts have amassed a combined loss of over $10 million, underscoring elevated risk in highly leveraged conditions.

This liquidation highlights ongoing Ethereum volatility and the vulnerability of large traders to a bearish regime, emphasizing the importance of prudent risk controls and position-sizing in crypto markets.