Major Losses for Prominent Traders Amidst ETH Price Drop

Notable traders and whales have incurred substantial losses due to the recent downturn in Ethereum prices, according to data from HyperInsight analyzed by BlockBeats. A notable example is 0xa523…75aa, a whale address that opened a 15x long position at $4,534, progressively increasing their holdings to lower their liquidation price. Currently, this position holds over $247 million worth of ETH with an unrealized loss of $14.77 million and a liquidation price of $4,181. 0xa523…75aa’s actions highlight the vulnerability of aggressive long positions in volatile market conditions. 0xa523…75aa remains active in the market while other traders like Huang Licheng,