[Whale Reduces Leveraged ETH Position to Avoid Liquidation, Sells 50,000 ETH to Lower Liquidation Price to Around $1,600] Odaily Planet Daily News: According to monitoring by crypto analyst Yu Jin, a whale who suffered a $230 million loss three days ago from an ETH long position liquidation on Hyperliquid has recently started reducing leverage on their on-chain spot positions to avoid further losses. The address has sold approximately 50,000 ETH, worth about $112.8 million, to alleviate liquidation pressure. Monitoring data shows that on January 27, the whale opened a leveraged long position on 148,000 ETH (worth approximately $426 million) at an average price of around $2,883 through borrowing. Subsequently, the price of ETH quickly dropped to around $2,200, not only causing the liquidation of their ETH long position on Hyperliquid but also pushing their on-chain leveraged position close to the liquidation threshold. Over the past two days, by reducing their position by 50,000 ETH, the overall liquidation price has been lowered to around $1,600. As of now, the address still holds approximately 33,000 BTC (worth about $2.52 billion) and 748,000 ETH (worth about $1.693 billion) on-chain, with total assets valued at approximately $4.213 billion.