Star Whale Loses $10M In BTC, ETH, HYPE As Markets Tank

The broader crypto markets got struck with a liquidation earthquake on Tuesday, highlighted with Bitcoin’s (BTC) $113K retest, while Ether (ETH) briefly swamped below $4.2K. This has set off a wave of over-leveraged BTC & ETH positions liquidations on Derivatives, with some whales taking up tens of millions in unrealized losses. Known Whale Falls Into Streak Of Multi-Million Losses Machi Big Brother, a crypto & digital art connoisseur, served a gruesome tale of how leveraged crypto plays can go tremendously wrong. Placing leveraged plays on HyperLiquid, the heavyweight crypto investor opened a $100 million Ethereum (ETH) position with 25x

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