Ethereum Whale Sells 28,959 ETH ($126M) to Avoid Liquidation — Holds 57,800 ETH as Liquidation Price Drops to $4,233

COINOTAG reports on August 29 that Infura observed an ETH whale execute a rapid market sale of 28,959 ETH (approximately $126 million) within thirty minutes to avoid imminent liquidation. This on-chain movement represents a significant position reduction and was executed as part of active margin management ahead of the position’s prior liquidation threshold.

Following the sell-off, the whale retains a long exposure of 57,800 ETH (roughly $251 million), with a revised liquidation price of $4,233, per Infura data. These figures are material for assessing leverage and funding dynamics in the ETH market and provide concrete, verifiable indicators of current derivative risk profiles.