Whale’s Bitcoin and Ether Long Positions Are Fully Liquidated

A whale’s long positions in Bitcoin (BTC) and Ether (ETH) were fully liquidated Thursday morning, leaving an estimated $68.59 million loss. The trader had about $620,000 of its $69.21 million in starting capital left after the closures.

The whale opened the two positions in late August, with 1,543.87 BTC at an average entry price of $82,205 and 115,470 ETH at an average entry price of $2,604. The final position to be closed had been valued at about $80.12 million.

BTC and ETH prices declined over the previous several days, during which the positions were liquidated in multiple stages. The final forced closure ended the whale’s long exposure to both assets, leaving no such positions open.

The reported starting capital, remaining funds and estimated loss align: $69.21 million minus about $620,000 is roughly $68.59 million. The last position’s $80.12 million valuation was recorded before its liquidation, which completed the series of closures during the recent market decline.