High Position Liquidation! Whale Sells 2,924 ETH in 5 Hours, Losses Reach $4.46 Million
According to on-chain monitoring, a whale who had built up a position at a high point has seemingly liquidated 2,924 ETH (approximately $5.24 million) 5 hours ago.
If all were sold, the losses would reach $4.46 million.
Specifically, this address gradually accumulated ETH on the Renzo platform between April 2, 2024, and April 13, 2024, with an average price as high as $3,322.
It was only 6 hours ago that they withdrew from Renzo and deposited into Binance, with the deposit price at just $1,794, marking a nearly 46% drop in ETH price over the year.
Entering at a high and bleeding out a year later, this lesson is quite profound.
