On-chain data shows that in the past half hour, an Ethereum whale was forced to execute a stop loss Close Position on a high-leverage ETH long positions worth $126 million due to a sharp market fall, in order to avoid the risk of Forced Liquidation.

This event once again highlights the brutality behind high-leverage trading. Although the Whale still holds a long position worth $251 million in ETH after closing the position, the liquidation threshold has dropped to $4,233, temporarily moving out of the danger zone, but its risk exposure remains high.

Such operations have become a typical reflection of the recent high volatility in the cryptocurrency market: on one hand, Whale investors generally favor medium to long-term trends, unhesitatingly deploying long positions with high leverage; on the other hand, short-term market corrections can easily trigger large-scale liquidations, making it difficult for even well-capitalized players to withstand severe fluctuations. Currently, both bulls and bears are engaged in fierce battles, which may indicate that a larger-scale market trend is brewing. #Gate Alpha空投CELB