Recent fluctuations in the cryptocurrency market have significantly impacted large investors.
Cryptocurrency Market Situation
Amid the sharp decline in cryptocurrency value, many investors have faced substantial losses. The so-called 'whales' — large investors — were hit particularly hard.
Ethereum and Bitcoin Liquidations
According to reports from Lookonchain, a crypto whale has faced multiple liquidations in recent weeks. Recently, he lost $5 million in ETH, bringing his total losses over 35 days to $18.5 million. On December 10, 2024, the whale liquidated 44.86 WBTC, amounting to $4.37 million. On December 6, 2024, 95.46 WBTC were liquidated, worth $9.25 million.
Challenges for the Crypto Whale
Currently, the investor holds 541.68 WBTC on the Aave platform, equivalent to $51.1 million. If the BTC price drops to $90,810, he will face liquidation again. This could have significant financial implications for the investor and put pressure on the entire market.
The situation underscores the high risks and volatility of the cryptocurrency market, particularly for large investors.
