Bitcoin drops below $88,000, leading to partial liquidation of well-known holders

【BlockBeats】Yesterday, Bitcoin fell below the $88,000 mark, dragging down the entire market. Ethereum and altcoins also declined, with US stocks related to cryptocurrencies also dropping. During this decline, well-known investors holding large ETH long positions were liquidated again.

According to on-chain data tracking, the investor originally held a 25x leveraged Ethereum long position, and about 2,500 ETH were liquidated this time. After liquidation, their account only had 2,300 ETH remaining, currently valued at approximately $6.96 million. The liquidation risk price for this position is $3,009.

What is even more noteworthy is that just 45 minutes before the liquidation, this investor had just deposited 250,000 USDT to add to their position, planning to increase their long position by 800 ETH. This rapid addition ultimately failed to prevent the market’s downward pressure. This incident once again reminds market participants that even large funds find it difficult to oppose market trends, as leverage amplifies both risks and losses.

BTC-0.37%
ETH-0.23%
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RamenDeFiSurvivorvip
· 12-17 22:41
Haha, it's the old trick of leverage again. Dare to play with 25x? --- Can't even add to the position in time; it was gone in 45 minutes. This wave is a bit tragic. --- Big players have all flipped over; retail investors shouldn't think about going against the trend. --- 25,000 USDT entered but was still eaten up. The market is just so cruel. --- I just want to know what his mindset is right now. 2,500 ETH is gone. --- Leverage really, no matter how much money you have, can't withstand a plunge.
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TrustlessMaximalistvip
· 12-17 08:57
Playing with 25x leverage and got wiped out. This guy still wants to buy the dip haha, money comes in quickly and goes out just as fast.
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RetroHodler91vip
· 12-16 14:20
Damn, got caught buying the dip and got slapped in the face within 45 minutes? How strong is that mentality, haha
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MoonMathMagicvip
· 12-16 06:44
Still dare to add to your position with 25x leverage, this is really... fine, having lots of money makes you reckless
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VibesOverChartsvip
· 12-15 15:38
25x leverage margin replenishment was liquidated after 45 minutes; this move is indeed a bit harsh...
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MEVHunterBearishvip
· 12-15 15:38
The 45-minute rebalancing resulted in a crash; this is the difference between a gambler and a smart person.
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DegenWhisperervip
· 12-15 15:33
Adding to the position for 45 minutes and getting trapped directly, this rhythm is incredible. No matter how much money you have, it can't stop the dump.
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LiquidationAlertvip
· 12-15 15:26
Adding to the position was liquidated in just 45 minutes, this leverage is really exciting.
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