Ethereum Liquidation Shocker: 945.75 WETH Worth $3.2 Million Liquidated as Prices Fall

On November 12th, COINOTAG reported a significant event in the cryptocurrency market as PeckShield’s monitoring tools revealed the liquidation of a notable **Ethereum** long position. The wallet address 0x746c…ee8c has seen an **extraction** amounting to 945.75 **WETH**, translating to an approximate loss of **$3.2 million USD**. This liquidation came on the heels of a **price decline**, with Ethereum’s value plummeting to **$3,207** within the span of an hour. Such occurrences underscore the inherent volatility in the crypto sphere and highlight the need for traders to implement robust risk management strategies. **Market dynamics** can shift swiftly, prompting caution among investors considering long positions in volatile assets like **Ethereum**.