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Ether whale liquidated $69.69M but still holds $196M long position amid market drop

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Ether whale liquidated $69.69M but still holds $196M long position amid market drop

A major Ether (ETH) whale had 28,700 ETH worth $69.69 million liquidated due to a market decline but still maintains a large long position of 79,000 ETH valued at about $196 million. The remaining position is exposed to further liquidation if ETH prices fall to around $2,299.09 or $2,286.28. This event highlights the risks of leveraged positions in volatile crypto markets and suggests potential further market pressure if prices continue to drop.

The Ether whale liquidation event is presented here with Pluang's market data for context. As of Oct 09, 2026 07:21 WIB, 7 out of 50 major cryptocurrencies on Pluang rose while 42 fell. Notable price changes include MANA down 10.13% at Rp1.677, UNI down 9.54% at Rp128.174, and AVAX down 9.09% at Rp180.000.

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