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$BTC
A $250 million liquidation wipes out "Ethereum Whale" and leaves only $53 in his wallet
The "Arkham" platform, specialized in tracking blockchain transactions, recorded the largest individual liquidation after on-chain data showed a trader known as "HyperUnit Whale" suffered a catastrophic loss of $250 million within a few hours, causing his wealth on the trading platform to evaporate, leaving only $53.
Arkham reports that the whale associated with "Garrett Jin" held large leveraged positions in Ethereum (ETH). Amidst the severe market volatility, the trader failed to cover margin (Margin) requirements, prompting the automated trading system to execute a "forced liquidation" of his entire position.
Screenshots leaked from the trader's wallet on Hyperliquid show a dramatic transformation; after managing a multi-billion dollar portfolio with over 30,000 Bitcoin in linked wallets, his short position in Ethereum caused his liquidity to be completely absorbed.
Crypto market enthusiasts shared an image of a (Chart) showing a very long red candle, representing the moment of forced liquidation of the whale's position.
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