Crypto Whale Loses $11.27 Million in Seven Days, Has $562,000 Left

A crypto whale known as “麻吉大哥” has lost $11.27 million over seven days, leaving an account balance of about $562,000 while a large leveraged Ether position remains open.

The account still holds 7,150 Ether (ETH) in a 25x long position valued at approximately $17.86 million. Its liquidation price is $2,472.78, only $26.52 below Ether’s current price.

The whale reduced the position twice Tuesday, realizing losses of $1.01 million and $12,000, respectively. The remaining position keeps the account exposed to sharp price movements because the leverage magnifies both gains and losses.

The account had been showing a profit of $5.46 million on Oct. 5. Seven days later, that gain had turned into a multimillion-dollar loss, with most of the account’s remaining value tied to the open ETH trade.