Data: The giant whale's ETH leveraged position has reduced its stop-loss, selling 50,000 ETH, which brings the liquidation price down to about $1,600

According to crypto analyst Yu Jin's monitoring, a whale who liquidated a long position in ETH on Hyperliquid three days ago, losing about $230 million, has recently started to reduce leverage and stop losses on its on-chain spot positions.

The address has sold approximately 50,000 ETH, worth about $112.8 million, to alleviate liquidation pressure. Monitoring shows that this whale went long on 148,000 ETH (worth about $426 million) at an average price of around $2,883 using borrowed leverage on January 27, and then the price of ETH quickly dropped to around $2,200, which not only led to the liquidation of its ETH long position on Hyperliquid but also brought its on-chain leveraged position close to the liquidation line. Over the past two days, by reducing its position by 50,000 ETH, its overall liquidation price has been lowered to about $1,600.

As of now, the address still holds approximately 33,000 BTC (about $2.52 billion) and 748,000 ETH (about $1.693 billion) on-chain, with a total asset scale of about $4.213 billion.