Cryptocurrency

2026

Million

when

It was another sharp drop for bitcoin earlier this morning when the asset plunged to its lowest level in over two weeks at under $64,500.
Given the <a href="https://cryptopotato.com/btc-flash-dump-why-bitcoin-fell-4k-in-hours-and-what-comes-next/" rel="noopener noreferrer nofollow">extent and speed of the crash</a>, the total value of wrecked positions skyrocketed within hours to almost $500 million. Within this timeframe, almost 140,000 traders were wrecked, according to data from CoinGlass. However, one case in particular raised a few eyebrows.
An unknown whale was wrecked for $61.51 million in the past day during BTC’s painful drop. The liquidation took place on HTX and involved the BTC/USDT trading pair.
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/02/Screenshot-2026-02-23-100023.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/02/Screenshot-2026-02-23-100023.png" alt="Cryptocurrency Liquidations Daily. Source: CoinGlass" width="1363" height="467"></a>
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 Cryptocurrency Liquidations Daily. Source: CoinGlass
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Another whale that was hit during the dip was Machi Big Brother – the Taiwanese-American entrepreneur and former musician, whose real name is Jeffrey Huang.
Data from Lookonchain shows that he was partially liquidated on his ETH position. CryptoPotato<a href="https://cryptopotato.com/is-this-the-end-of-the-machi-big-brother-dump-giant-whale-clings-to-last-1m-after-disaster/" rel="noopener noreferrer nofollow">reported</a> a few days ago that his entire crypto portfolio had fallen below $1 million, posting a loss of around $28 million.
Although that amount has risen to over $28.8 million following the latest liquidation, he continues to build on his Ethereum longs, now holding 1,700 tokens, worth $3.2 million.
ETH’s price was rejected at $2,000 over the weekend and plunged to $1,850 for the first time since the February 6 crash, when it bottomed at $1,750.
<blockquote class="twitter-tweet">
 The market just crashed, and Machi(<a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@machibigbrother</a>) was partly liquidated again.
 But he keeps adding to his <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> long position.
 He now holds 1,700 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($3.21M), with a liquidation price of $1,818.74.
 His total loss has passed $28.8M.<a href="https://t.co/P6lglcgpyo" rel="noopener noreferrer nofollow">https://t.co/P6lglcgpyo</a><a href="https://t.co/t9cEDpOzQ1" rel="noopener noreferrer nofollow">pic.twitter.com/t9cEDpOzQ1</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/2025741450642858469?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 23, 2026</a>
</blockquote>
The post <a href="https://cryptopotato.com/whale-liquidated-for-61-5-million-as-bitcoin-tumbled-to-new-lows/" rel="noopener noreferrer nofollow">Whale Liquidated for $61.5 Million as Bitcoin Tumbled to New Lows</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Whale Liquidated for $61.5 Million as Bitcoin Tumbled to New Lows

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