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Large crypto trader liquidates 28,720 ETH, adds $10M margin, reopens long at $2,428 ETH

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Large crypto trader liquidates 28,720 ETH, adds $10M margin, reopens long at $2,428 ETH

A major crypto trader faced liquidation of 28,720 ETH after the price dropped to $2,420, resulting in a $4.48 million loss. The trader then added $10 million in USDC margin and reopened a long position with 9,580 ETH at $2,428, worth about $23.26 million. The trader's remaining exposure includes 78,950 ETH valued at approximately $195 million and 1,140 BTC worth about $93.31 million, with liquidation levels closely monitored. This activity highlights the high-risk nature of leveraged crypto trading and the trader's attempt to maintain significant market positions despite losses.

The ETH whale's recent liquidation and margin activity provide context for crypto market dynamics. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 09, 2026 07:21 WIB: out of 50 major cryptocurrencies, only 7 rose while 42 fell. Notably, EOS gained 8.13% contrasting with ADA and BCH, which dropped 9.08% and 8.87% respectively, showing varied investor responses across assets.

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