Whale known for anti-CZ trades avoids ETH liquidation

A whale investor known for betting against Binance founder Changpeng Zhao (CZ) narrowly avoided the liquidation of a major ETH long position that has since turned profitable, according to EmberCN. The $256 million position had a liquidation price of $2,595 and avoided being wiped out by just $28 when ETH fell to $2,623 on Nov. 21. The trader has kept the position through ETH’s subsequent rebound. EmberCN also noted that the investor, who once faced an unrealized loss of $44 million across ETH and XRP long positions, has now reduced that loss to roughly $3.95 million.