A whale address borrowing coins to long ETH liquidated 10,543 ETH one hour ago, resulting in a loss of $1.42 million

BlockBeats News, May 17th. According to on-chain data analyst @ai_9684xtpa's monitoring, a whale address that borrowed coins to go long on ETH ultimately gave up. In the past hour, they liquidated 10,543 ETH at an average price of $2473.61 (approximately $26.08 million). Since the address's long position average price was $2608.36, this leveraged long position resulted in a total loss of $1.42 million.

BlockBeats previously reported that the address initially "borrowed coins to go long on 8613 ETH" and during a market downturn 10 hours ago, borrowed another 5 million USDT to buy 1930 ETH.