Huo Xing Finance reports that on April 2, according to Hyperinsight monitoring, during a brief market pullback, the whale address starting with 0x338 faced sustained pressure on its 25x leveraged ETH long positions, which had previously totaled $21.2 million. During the decline, the address voluntarily reduced its long position by 2,400 ETH to lower the liquidation price, yet still suffered a forced liquidation of 3,833 ETH longs, amounting to approximately $8.04 million. Combined, the voluntary reduction and forced liquidation totaled $13.1 million, making this the largest liquidated ETH position on-chain during this cycle. The address currently holds $7.87 million in ETH longs, with an average entry price of $2,105 and a liquidation price of $2,076.
Major ETH long position suffers $8M liquidation; next liquidation price at $2,076
MarsBitShare
Summary
On April 2, 2026, a major ETH long position tied to a whale address beginning with 0x338 was liquidated for $8.04 million. The leveraged 25x position, valued at $21.2 million, saw the whale actively reducing 2,400 ETH to manage price exposure. Despite these efforts, 3,833 ETH were forcibly liquidated, resulting in total losses of $13.1 million. This was the largest ETH liquidation of the round; however, the address still holds $7.87 million in long-term long positions, with an average entry price of $2,105 and a liquidation trigger at $2,076.
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