Whale Activity Highlights: ETH and SOL Positions Under Scrutiny

According to BlockBeats On-chain Detection, recent monitoring by Hyperinsight has revealed significant movements among prominent cryptocurrency whales over the past 24 hours. A notable figure, Huang Licheng, known as 'Machi,' has faced multiple liquidations on his 25x leveraged long position in Ethereum (ETH), resulting in cumulative losses exceeding $19.35 million. Currently, he holds 368.88 ETH valued at $1.11 million, with a liquidation price set at $2,963.3. In the same period, a whale spent 31.16 million USDT to purchase 10,275 ETH at an average price of $3,032. Since November 12, this whale has invested 41.89 million USDT to acquire 13,612 ETH at an average price of $3,077. Another whale, who accumulated $263 million worth of Wrapped Bitcoin (WBTC) and ETH through a circular loan strategy three months ago, is nearing liquidation. To mitigate this, the whale sold 1,316.8 ETH for 4.017 million USDT to repay part of the debt. The whale still holds a $146 million USDT loan on Aave with a health factor of only 1.05. A further 5% drop in BTC and ETH prices could trigger liquidation. The whale's cost price for WBTC is $116,762 and for ETH is $4,415, with unrealized losses reaching $65.49 million. Additionally, a whale has established a $48.47 million short position in Zcash (ZEC) using 10x leverage across three wallets, currently showing an unrealized profit of $3.36 million. Since October 11, another whale has been increasing their short position in Solana (SOL), now holding 394,153 SOL valued at approximately $52.39 million, with an entry price of $170.35. This position has yielded an unrealized profit of about $14.75 million.