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Once again a deep retracement, major account liquidation of 6489 ETH hits a new low
【Blockchain Rhythm】Interestingly, a well-known account was liquidated again during this market rally. On December 12th, on-chain monitoring showed that this account was forcibly liquidated 6,489 ETH, with a single loss of $720,000. Currently, the account’s long position has shrunk to only 2,500 ETH, which is worth $7.79 million at the current price, but the issue is that the liquidation price is stuck at $3,074.62, resulting in an unrealized loss of $314,000.
What’s even more heartbreaking is that the account balance is only $340,000. Over the course of nearly a week, the total loss for this account has reached $2.44 million. It seems this market rally has been quite tough on large holders’ positions.
Even big funds can't hold back. Losing 2,440,000 in a week, how tired must this account be?
The liquidation price is truly brutal here, still floating with unrealized losses.
This is the daily life of leverage traders; let's see how long they can hold on.
If this pace continues, the account will be completely wiped out.
This market trend definitely isn't joking around. $2.44 million was gone in just a week. How tough-hearted do you have to be to keep holding on?
Even big players can't hold up, the fate of leverage traders
6489 coins just gone, it's killing me. This is the advantage of spot trading, right?
A floating loss of 310,000 and I still have to hold on? I'm really impressed by this account's mentality
2.44 million gone in a week? Might as well go all in on Shiba, haha
The liquidation price limit here is just impossible, only can pray for a rebound
This is exactly the result of going all-in; just looking at it makes me uncomfortable