Silver Crash Wipes Out $29M Whale Position, Resulting in $4M Loss

Silver Prices Plummet, Setting Historical Records

According to Lookonchain data, spot silver prices dropped below $75 per ounce today, marking a single-day decline of over 35% — the largest in the asset's history.

Massive Liquidation of a Silver Whale

A silver bull, identified by the address '0x94d3', had $29 million worth of long positions fully liquidated during the crash, suffering losses exceeding $4 million.

Market Impact and Future Outlook

This sharp decline has sparked widespread concern across financial markets. Experts advise investors to carefully assess risks and avoid excessive leverage when trading.