CryptoMedium•9 October 2026•
1 min read
Whale's $69.69M Ethereum Long Position Liquidated Amid Market Volatility
Key Facts
1A large whale's long position of 28,716 ETH, valued at approximately $69.69 million, was liquidated.
2The investor still holds 78,955 ETH in long positions valued at $195 million.
A large whale's long position of 28,716 ETH, valued at approximately $69.69 million, was liquidated. TokenPost reported that the forced closure was triggered by downward price movements that breached margin requirements for the leveraged position. A liquidation occurs when an exchange automatically closes a position because the collateral no longer supports the trade.
The investor still holds 78,955 ETH in other long positions valued at $195 million despite the recent liquidation. This event highlights the scale of leveraged exposure held by major on-chain traders during sharp market moves. Ethereum prices trended lower on October 9, 2026, contributing to the downward pressure as large-scale positions were exited.