COINOTAG reported on September 5 that Postmortem monitoring recorded a trader known as “Sell the HYPE then Long ETH Whale” fully liquidating a 52,800 ETH long position following the U.S. NFP release, exiting near $4,265 and incurring an estimated $10.67 million loss, according to the outlet’s crypto coverage.
Such a concentrated ETH whale liquidation can amplify short-term volatility across Ethereum spot and derivatives markets, pressure market liquidity and alter funding rates; prudent market participants should monitor on-chain indicators, funding spreads and order-book depth for disciplined risk management.