Bitcoin

Ethereum

<ul><li>Whale boosts margin, incurs $1.1M loss amid market turmoil.</li><li>Some players might have been privy to developments before they unfolded publicly.</li><li>Today&#39;s market positions Bitcoin at $26,031.42 and Ethereum at $1,645.05.</li></ul>The movements of crypto &#39;whales,&#39; or individuals and entities with significant cryptocurrency holdings, are closely watched. The crypto analyst Lookonchain&#39;s report on September 1 highlighted the manoeuvres of one such whale in the <a href="https://cryptotale.org/ethereums-whales-exit-stage-as-market-cap-struggles-to-find-solid-ground/" rel="noopener noreferrer nofollow">Ethereum market</a>. This entity&#39;s activities raise questions about risk management in crypto investments, especially when contrasted against savvy investors who seemingly anticipated market-shaking events.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d7df47cf76c14f40bf56093ae92e65aa.png" />The said whale has faced repeated challenges with Ethereum&#39;s perpetual contracts. Leading up to the end of August, the whale&#39;s long positions in Ethereum were <a href="https://twitter.com/lookonchain/status/1697082518015709322?s&#61;20" rel="noopener noreferrer nofollow">liquidated</a> during market downturns, resulting in a substantial $5.1 million loss. Yet, undeterred, the whale re-entered, going long on Ethereum at an entry price of $1,717. Within 24 hours, this decision appeared to be yet another misstep. To avoid another bout of liquidation, the whale had to increase its margins, already down by an estimated $1.1 million.Read full article at<a href="https://cryptotale.org/liquidation-looms-as-crypto-whale-wades-through-1-1m-in-losses/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Liquidation Looms as Crypto Whale Wades Through $1.1M in Losses

CryptoTale

Autres articles publiés le 1 sept. 2023

Exploits, hacks and scams stole almost $1B in 2023: Report

JOE Traders Set Sights on $0.6 Following Successful Resistance Flip

Chainlink and Swift Experiment Could Lead to LINK Breakout

Russian-Origin Malware ‘Infamous Chisel’: Cryptocurrency Threat

What’s New in Crypto Staking This Year

Justin Sun Tweets: Chinese Court Considers Crypto as Legal Property

Join our free newsletter for daily crypto updates!