According to Ai 姨, a trader closed a leveraged long position on 4159 ETH at an average price of $1875, incurring a minor loss of $3383, after initially entering at $1876. The trader cited the risk associated with a health index of 1.14 as the reason for closing the position.

According to EmberCN, a whale sold 25,800 ETH to avoid liquidation, resulting in a loss of $31.75 million due to leveraged long positions on ETH. The drop in ETH price forced whales using leveraged loans to sell ETH to lower liquidation thresholds, further driving down ETH prices. The whale sold ETH at $1,853 during a significant price drop 5 hours ago.