Ethereum Whale Reduces Holdings to Mitigate Liquidation Risk

A notable Ethereum investor, identified as the ‘56,995 ETH Whale,’ has taken steps to avoid potential liquidation by decreasing their holdings. On April 10th, this whale sold approximately 35,881 ETH at an average price of $1,562, effectively removing leverage from their position. Hours later, they further reduced their holdings by selling another 2,000 ETH at a price of $1,575. Currently, the Whale maintains a balance of 688 ETH. This action suggests a proactive response to potential market fluctuations and the risks associated with leveraged positions.