Giant Whale ETH suffered a loss of 230 million US dollars due to multiple liquidation orders, and sold 50000 ETH to reduce leverage

On chain data shows that three days ago, the giant whale suffered a loss of 230 million US dollars due to multiple ETH liquidation on Hyperliquid. The ETH bought with spot leverage is also being cut off, and in the past two days, 50000 ETH (worth 112.8 million US dollars) have been sold to reduce leverage. The giant whale went long by 148000 ETH (worth $426 million) through lending leverage at a price of $2883 a week ago. Subsequently, the ETH price fell to $2000, leading to a multi order liquidation of Hyperliquid and a leveraged position approaching the liquidation line. At present, its liquidation price has dropped to around $1600, and it still holds 33000 BTC (worth $2.52 billion) and 748000 ETH (worth $1.693 billion) on the chain, with a total asset value of $4.213 billion. (Ashes)