🚀 Whale's Blood and Tears: $250M Liquidation After Crazy Dumping of $1 Billion Assets, Is the ETH Market About to Be Bloodied? 🚀
Legendary whale in the crypto world Garrett Jin (former BitForex CEO, nicknamed Hyperunit whale)
In early February, the Hyperliquid leveraged ETH long position was liquidated, resulting in a loss of up to $250 million, leaving only $53 in balance—this tragedy caused his profits of $200M from October to vanish overnight!
After that, a full liquidation mode was activated: on February 7, he deposited about 5,000 BTC (worth $350 million) into Binance, and yesterday he sold off 53.12 million USDT.
Today he further dumped 261,024 ETH (worth $543 million) into Binance, with total sell-off scale exceeding $1 billion!
The market interprets this as a bear market rebalancing, but there is no evidence linking it to Trump's policies—this massive selling pressure could exacerbate ETH's drop towards the $1,900 support, with BTC also following suit. Are you buying the dip or hedging? Quickly leave a comment with your strategy, let's keep an eye on this whale storm together!💥
$BTC $ETH
Legendary whale in the crypto world Garrett Jin (former BitForex CEO, nicknamed Hyperunit whale)
In early February, the Hyperliquid leveraged ETH long position was liquidated, resulting in a loss of up to $250 million, leaving only $53 in balance—this tragedy caused his profits of $200M from October to vanish overnight!
After that, a full liquidation mode was activated: on February 7, he deposited about 5,000 BTC (worth $350 million) into Binance, and yesterday he sold off 53.12 million USDT.
Today he further dumped 261,024 ETH (worth $543 million) into Binance, with total sell-off scale exceeding $1 billion!
The market interprets this as a bear market rebalancing, but there is no evidence linking it to Trump's policies—this massive selling pressure could exacerbate ETH's drop towards the $1,900 support, with BTC also following suit. Are you buying the dip or hedging? Quickly leave a comment with your strategy, let's keep an eye on this whale storm together!💥
$BTC $ETH