Whale Sells 25,800 ETH at $1,853 to Avoid Liquidation, Incurring $31.75 Million Loss

On March 11, COINOTAG News reported that a significant player in the cryptocurrency market, often referred to as a whale, liquidated 25,800 ETH to prevent a margin call, incurring a hefty loss of $31.75 million. The decision to sell was made in response to a sudden decline in Ethereum’s price, executing the sale at a rate of $1853. This transaction generated approximately 47.81 million USDT, which was aimed at settling leveraged positions. The ETH positioned for liquidation had originally been acquired on leverage in July 2024 at an average price of $3084. Consequently, the leveraged holdings contributed significantly to the incurred loss of over $31 million, marking a notable event in the current Ethereum trading landscape. Such liquidations highlight the risks inherent in cryptocurrency trading, particularly within volatile market conditions.