$237 million long position scare: whales repeatedly tugging near the liquidation price

2025-12-19 00:34:21

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【Chain News】A certain Ethereum whale has been having a pretty intense time lately. Some time ago, after setting up a short position, he was still holding a long, and was about to be liquidated just $28 away— but ETH rebounded, allowing him to turn a $44 million loss into break-even. He could have closed his position safely and walked away, but instead, he didn’t take profit and chose to add to his position.

Wow, the cost of this additional investment was immediately apparent. After ETH’s price dropped back to $2,800, his situation became dangerous again—only $100 away from liquidation. Currently, his long position size has reached $237 million, with unrealized losses expanding to $40.3 million.

This is the real picture of on-chain gambling: a misjudgment in a bet can easily lead to a liquidation edge being repeatedly tested.

ETH2,72%

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JustHereForMemes

· 2025-12-20 09:35

Really typical, making a profit to break even and still being greedy to add positions. This is the most common story seen on the chain.

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ForkMonger

· 2025-12-19 13:01

nah this is just protocol economics playing out—dude had a governance window to exit at breakeven but instead chose maximum leverage exposure. textbook systemic vulnerability right there, the kind of margin inefficiency that only exists because liquidation mechanics aren't optimized yet. honestly? this is exactly the chaos we need to see more of... keeps the weak positions flushed out fast.

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GasFeeVictim

· 2025-12-19 09:16

Bro, your mental resilience is really strong. Fluctuating back and forth between $28 and $100, I really can't understand it.

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DegenDreamer

· 2025-12-19 01:02

I really can't hold it anymore. Just $28 away from liquidation, it rebounded hard, and now I have to add to my position? This person really has guts.

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ChainMemeDealer

· 2025-12-19 00:57

This guy really has a all-in gambling spirit; the term "take profit" probably means nothing to him.

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RumbleValidator

· 2025-12-19 00:53

This guy really treats the consensus mechanism like a casino, daring to add positions with a floating loss of 40.3 million? The system's stability is just being destroyed by human nature.

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ZenChainWalker

· 2025-12-19 00:52

Greedy ghost appears again, almost risking your life and still daring to add positions, you're really something.

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OnlyUpOnly

· 2025-12-19 00:47

This guy's just a greedy end result. He barely escaped death and still wants to add to his position. He's a bit too much of a gambler.

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ChainMaskedRider

· 2025-12-19 00:43

This kind of position increase operation is really... the price of greed. I almost got out completely, but then I reversed and added to my position in a suicidal manner.

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ThereIsWineInTheRiv

· 2025-12-19 00:39

The backend data of on-chain market makers are transparent and visible; whether they are liquidated depends on the exchange and the market maker's mood.

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