Hupzy (Spot On Chain)|6ๆ 05, 2026 16:39
๐จ ๐๐ง๐ ๐๐ต๐ฎ๐น๐ฒ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ฎ๐๐ฒ๐ฑ โ ~$๐ฎ๐ฐ๐ ๐๐ถ๐ฝ๐ฒ๐ฑ after ETH fell below $1,600. Address 0x34d1...4ac1 lost ~15K ETH. The wallet still holds 31.5K WETH against 38M USDT borrowed โ ~$11.84M in remaining exposure, vulnerable to further downside.
This is a separate wallet from the Matrixport-linked whale reported earlier. Two major ETH positions liquidated within hours signals cascading deleveraging across different counterparties.
Debank trace: https://debank.com/profile/0x34d1231f15da58762a84ead35242896e7fec4ac1/history
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Each forced ETH sale pushes price lower, triggering the next liquidation threshold. With $11.84M still underwater on this wallet alone, the cascade may not be over. The $1,550โ$1,570 band is where the next cluster of positions sits โ a break below that zone could accelerate selling.
--source: https://x.com/PeckShieldAlert/status/2062934356021457249
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