According to latest data from blockchain monitoring platform HyperInsight, a major Ethereum long position was drastically reduced by 1,800 ETH within 60 minutes during the market correction on February 11.
The trader's leveraged ETH position has now been reduced to just 500 ETH, valued at approximately $869,000 at current prices. The account's available margin has dwindled to only $43,000, with total realized losses reaching a staggering $25.9 million.
Position Adjustment Details
- Position reduction in 1 hour: 1,800 ETH
- Current holding: 500 ETH
- Dollar value: ~$869,000
- Updated liquidation price: $1,886.59
- Available balance: $43,000
- Total losses: $25.9 million
Notably, the trader had employed an aggressive 25x leverage strategy for these long positions. Such high-risk leveraged trading becomes particularly vulnerable during heightened market volatility.
This significant position reduction serves as a stark reminder to investors about the dangers of excessive leverage. When market movements accelerate, especially during downturns, leveraged positions face heightened liquidation risks. Experts recommend maintaining appropriate position sizing and keeping sufficient margin buffers during turbulent market conditions.