Recently, the movements of a Whale in the crypto world have drawn the attention of the entire network, and the tension of this bullish-bearish showdown is undoubtedly one of the biggest highlights of this year.

This trader is no ordinary figure. His past achievements speak for themselves – he once openly bet against executives of top trading platforms in the crypto world, and then heavily shorted ASTER with a ruthless approach. But this time, he had a major loss on ETH.

According to on-chain data, this long position has reached a scale of 237 million USD, and the current floating loss has surpassed 40.3 million USD. How outrageous is this figure? It is roughly equivalent to the total liquidity of a medium-sized exchange, evaporating instantly, and the level of risk is evident.

The most dangerous position is the long position of 57,100 ETH. The liquidation line is precisely set at the position of $2,714. And what about the current market? ETH is oscillating repeatedly around the $2,800 mark, with every candlestick hinting at a dangerous threshold.

The more thrilling detail is that the other day ETH had dropped directly to $2623. At that moment, it was only $28 away from a complete liquidation. Can you imagine how many traders were glued to the screens at that moment, holding their breath in such a tense scenario? At least tens of thousands of people across the network were simultaneously undergoing this psychological test. Fortunately, the price rebounded shortly after, allowing this position to breathe temporarily.

But how long can this luck last? No one can say for sure. Every time the price fluctuates dramatically, it tests the breaking point of this tightrope. Under such extreme pressure, any slight movement could become the last straw that breaks the camel's back. The entire market is holding its breath, waiting for the next development in the行情.