CZ Whale’s $2.61B ETH Long $31.8M Loss, Liquidation Risk
According to EmberCN data reported by COINOTAG, the CZ Whale’s counter-trade holds a $2.61 billion ETH long position currently showing a $31.8 million unrealized loss. The ETH long trade carries a liquidation threshold at $2,528. After closing an ASTER short, the trader increased net exposure to nearly $3 billion by adding long bets on ETH and XRP. Recent price drops have compressed mark-to-market value and heightened liquidation risk for the ETH long. Market watchers should monitor the $2,528 level and evaluate risk-adjusted returns. The concentrated counter-position underscores the need for robust risk controls and clear liquidation thresholds in professional crypto desks.
Bearish
The CZ Whale’s sizable $2.61 billion ETH long now faces a $31.8 million unrealized loss and stands close to its $2,528 liquidation price. Historically, large leveraged positions nearing liquidation have triggered margin calls and forced sell-offs, causing further downward pressure on price. In the short term, traders may reduce exposure or liquidate positions ahead of the threshold, amplifying bearish momentum. Over the long term, fundamentals may stabilize ETH, but heightened market volatility and concentrated whale trades increase downside risk until clear support levels hold.