Multiple Crypto Whales Face Liquidations as On-Chain Metrics Signal Trouble

IconCNT16 May, 2024

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Multiple Crypto Whales Face Liquidations as On-Chain Metrics Signal Trouble

Last month, a specific whale (0x1111) holding ETH/BTC long positions since March 2023 has faced multiple liquidations due to the declining ETH/BTC ratio. To mitigate risk, the whale reduced its debt size six hours ago. Meanwhile, James Fickel (speculated address), holding a long ETH/BTC position since January 2024, has experienced an unrealized loss of approximately $24.61 million due to the ratio decline. Previously on May 16, 2024, a specific whale (0x1111) faced liquidations as the ETH/BTC ratio declined, reducing its debt size to increase its liquidation price. Additionally, James Fickel (speculated address) held a long ETH/BTC position since January 2024, experiencing an unrealized loss due to the ratio decline.

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