[Sell the HYPE and Long ETH Whale] Nearly half an hour stop loss resulted in a $1.26 billion liquidation of long positions

BlockBeats News, August 29th: According to Infura, as the price of ETH approached the liquidation price of the [Sell the Hype, Long the ETH Whale] position, in order to avoid liquidation, the whale has already market sold 28,959 ETH ($126 million) in the past half an hour.

After reducing the position, the whale still holds a long position of 57,800 ETH ($251 million), and the liquidation price has dropped to $4,233.