Whale Activity Under Scrutiny: ETH and SOL Positions Raise Alarm

Recent on-chain monitoring by Hyperinsight reveals significant shifts among prominent cryptocurrency whales over the past 24 hours, highlighting potential risks and opportunities within the market. Notably, Huang Licheng, known as ‘Machi’, experienced multiple liquidations of his leveraged long position in Ethereum (ETH), resulting in losses exceeding $19.35 million. His current holdings include 368.88 ETH valued at $1.11 million, with a liquidation price set at $2,963.3.