A prominent Ethereum (ETH) whale has experienced substantial losses amounting to $72,000 following recent market fluctuations. The investor initially deployed a large-scale long position of $125,000 on ETH, but now holds just $58,000 worth of the cryptocurrency remaining. 😥. The investor’s positions were impacted as ETH witnessed a significant price decline from its peak of $4,664 overnight to today’s levels. The investor strategically reduced their holdings in stages to prevent liquidation, despite these attempts, they remain exposed with a leveraged long position valued at $1.79 million on 25x leverage. Due to limited margin availability, the investor has limited options for recouping their losses, leaving them with constrained recovery potential. #ETH