Whale Liquidation Snaps Up 2,525 ETH, $12M+ Losses
Two major whale liquidation events hit Ethereum markets, totaling over $12 million in forced sells.
Amberdata on-chain data shows a leveraged whale long was liquidated with roughly $12.5M of ETH. This move erased $9.19M in unrealized gains and left only $70,000 in margin, despite earlier gains of about $43M.
On Sept. 2, on-chain analyst Ai Auntie reported another whale liquidation of 2,525.3 ETH (≈$10.84M) after a 10-day leveraged holding. Margin calls triggered an $864,000 loss. Verified on-chain data highlights the risks of high leverage and how whale liquidation shocks intraday liquidity and order-book dynamics.
Traders should track on-chain analytics to gauge concentration risk and anticipate short-term volatility drivers in ETH markets.
Bearish
Large forced whale liquidation events inject substantial sell pressure into Ethereum markets, driving down intraday liquidity and intensifying price volatility. The erasure of multimillion-dollar unrealized gains and hefty margin-call losses underscores heightened counterparty risk and suggests traders may reduce long exposure. In the short term, this bearish imbalance could weigh on ETH prices. However, monitoring on-chain analytics remains crucial to anticipate volatility and manage leverage risk.