Due to leverage losses of 31.75 million, Giant Whale sold 25800 ETH to cope with the liquidation crisisA giant whale sold 25800 ETH to avoid position liquidation, but he incurred a loss of up to 31.75 million due to long ETH with leverage. The decline in ETH prices has led to some whale positions that were long in ETH through revolving loan leverage being on the brink of liquidation, forcing them to sell ETH to lower their liquidation line. At the same time, these sales also contributed to the further decline of ETH. This whale sold 25800 ETH at 1853 to exchange for 47.81 million USDT for repayment when the ETH price dropped significantly 5 hours ago. And the ETH he sold was bought with leverage at an average price of 3084 in July 2024. Just buying this portion of ETH through leverage resulted in a loss of 31.75 million for him. Https://(debank. com)/profile/0xa339d279e0a3a9ede11eceac2ec9529eebdae12c This article is sponsored by Bitget | @ Bitgetzh