Crypto Whale Faces $61.41 Million in Losses After $140 Million Liquidation

About $140 million in a crypto whale’s long positions were liquidated in a market drop, leaving the account with a combined $61.41 million in realized and unrealized losses.

The liquidations included about 63,000 Ether (ETH), valued at $135 million, and produced $48.47 million in realized losses. A further 60.8 Bitcoin (BTC), worth $4.56 million, were liquidated with $550,000 in realized losses. Together, the two closed positions were valued at $139.56 million and generated $49.02 million in realized losses.

The whale still held long positions in BTC and ETH worth $113 million, with $12.39 million in unrealized losses. That open-position loss added to the realized losses from the liquidations to reach the reported $61.41 million total. The remaining positions had liquidation prices of $72,197 for BTC and $2,004 for ETH. Ether accounted for most of the liquidated value and realized loss.