An whale took a multi-million dollar loss on its bullish bet on Thursday after the cryptocurrency’s price dipped below $4,000 for the first time since Aug. 8.
The whale address labelled 0xa523 had its leveraged bullish position worth 9,152 ETH ($36.4 million) forcibly liquidated by the decentralized exchange Hyperliquid, according to blockchain analyst Lookonchain. This liquidation pushed the whale’s total losses beyond $45 million, leaving its balance below $500,000.
Ether’s price hit a low of $3,983 during the Asian hours as the broader cryptocurrency market, including , wilted amid an increased likelihood of a U.S. government shutdown this year.
About $100 million in leveraged bets were liquidated during Asian trading hours, with over $90 million involving bullish positions, according to data source Coinglass. This data suggests that leverage was predominantly tilted toward the positive side, betting on ether price appreciation.
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Omkar Godbole
https://www.coindesk.com/markets/2025/09/25/ether-whale-books-usd45m-loss-as-eth-falls-below-usd4k
2025-09-25 06:39:00
