Whale’s $118.4 Million Ether Long Position Was Fully Liquidated

A whale’s entire Ether (ETH) long position, valued at $118.4 million, was liquidated, with a reported cumulative loss of $44.78 million.

The fully liquidated position comprised 56,667 ETH.

The $118.4 million figure is the position’s stated value, while $44.78 million is the reported loss attached to it. Those are separate measures of a single position, rather than two figures describing the same amount.

A long is a trade set up to benefit if Ether rises. The report concerns one whale’s position, not aggregate activity across ETH markets. Ether is the asset in the trade, with ETH as its ticker. The position’s quantity is stated in ETH, while its value and cumulative loss are given in dollars. Together, the figures describe the size of the trade and its reported outcome.