The liquidation price for a $230 million long position in ETH held by a major whale is only $350.
According to Odaily, on-chain analyst Yu Jin has monitored that a whale with $230 million in long positions has a liquidation price for $600 million worth of ETH longs at $2,290.
As ETH just dropped to $2.6K, it is now only $350 away from his liquidation price.
His position is currently at an unrealized loss of as much as $120 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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