Whale loses $4.91M in six consecutive liquidations

A whale address starting with 0xe1d3 has lost a total of $4.91 million after being liquidated six consecutive times on a 4,500 ETH long position, Hyperinsight reported. The event marked the largest on-chain liquidation of the day. The most recent liquidation involved a 25x leveraged long position on Ethereum, with 1,620 ETH forcibly sold at $2,250, leading to a $3.67 million loss. The address still holds a long position worth $9.55 million.