A whale's leveraged ETH position was stopped out, and 50,000 ETH were sold, reducing the liquidation price to approximately $1,600.

According to crypto analyst Ember's monitoring, a whale that suffered a $230 million loss on its ETH long positions on Hyperliquid three days ago has recently begun to reduce leverage in its on-chain spot leveraged positions. This address has sold approximately 50,000 ETH, worth about $112.8 million, to alleviate liquidation pressure. Monitoring shows that on January 27th, this whale went long on 148,000 ETH (worth about $426 million) at an average price of approximately $2,883 using leveraged borrowing. Subsequently, the price of ETH quickly fell to around $2,200, causing not only its ETH long positions on Hyperliquid to be liquidated but also pushing its on-chain leveraged positions close to the liquidation threshold. By reducing its holdings by 50,000 ETH over the past two days, its overall liquidation price has been lowered to approximately $1,600. As of now, the address still holds approximately 33,000 BTC (approximately $2.52 billion) and 748,000 ETH (approximately $1.693 billion) on the blockchain, with a total asset value of approximately $4.213 billion.