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Whale 12 Liquidations in 24 Hours: The $540,000 Loss Behind It
【Crypto World】Have you been paying attention to the movements of the big players? Recently, a well-known trader has suffered quite a few setbacks in the market. According to on-chain data monitoring, this “whale” experienced 12 consecutive liquidations within the past 24 hours, with losses totaling an astonishing amount—up to $541,000 in the last 24 hours.
Specifically, he has an open long position on ETH with an unrealized loss of $94,000. The current value of this position is $3.3 million, with an entry price of $3,252.31, and a liquidation line set at $3,115.69. Additionally, he holds a $1.3 million PEPE long position, with an entry price of $0.006217, and a risk line at $0.006327.
Such frequent liquidations are definitely worth pondering. When large traders leverage their positions, improper setup or market volatility exceeding expectations can quickly wipe them out. This also reminds us that, before engaging in any high-risk trading, risk management is truly more important than making money.