Lookonchain: Whale Loses $17.69M on BTC ETH Longs
Lookonchain reports a whale fully liquidated from over $140M in BTC and ETH long positions over the past two days, realizing a $17.69M loss on 1236 BTC and 15928 ETH.
SourceAnalysis
Lookonchain flagged the complete wipeout of a whale holding $140.88M in leveraged long positions across BTC and ETH, with the trader losing $17.69M over two days.
The address carried 1236 BTC worth $102.2M and 15928 ETH worth $38.67M before the positions were closed.
BTC trades at $69667.72 on the 4h chart inside a bearish structure defined by EMA50 at $74776.71 and EMA200 at $78759.89, while RSI at 19.7 signals deep oversold conditions and MACD at -1100.7 confirms the death cross; price is now testing the lower Bollinger Band support at $70716.78 after repeated rejection at the upper band near $76172.64, so any bounce from this volatility exhaustion zone faces immediate resistance at the 50-EMA before further downside continuation becomes likely.
Lookonchain
@lookonchainLooking for smartmoney onchain