Whale Faces Major Liquidation Amid Market Downturn

On April 28, a significant on-chain liquidation event was reported. According to BlockBeats On-chain Detection, a whale who had taken a long position with 4,500 ETH faced six consecutive liquidations, totaling approximately $4.91 million, marking the largest liquidation address of the day. The address still holds a long position valued at about $9.55 million. The details of the liquidation are as follows: 1,620 ETH were liquidated, valued at approximately $3.67 million, with a remaining position of $6.62 million and a liquidation price of $2,250. Additionally, 10.8 BTC were liquidated, valued at approximately $830,000, with a remaining position of $1.48 million and a liquidation price of $70,020. Furthermore, 99,000 HYPE tokens were liquidated, valued at approximately $410,000, with a remaining position of $1.46 million and a liquidation price of $37.45. The address initially opened a 25x leveraged long position on ETH last Monday and continued to roll over the position throughout the week. On the morning of the previous day, the whale added another 500 ETH to the position. However, two rounds of market downturns occurred overnight, resulting in a combined loss of approximately $610,000 across three long positions. The address in question is 0xe1d3baa26d94f53897efbeb550d95cc2ab72d5f7.