TechFlow News: On January 30, analyst Yu Jin reported that a major ETH long position—dubbed the “CZ counterparty” whale—was liquidated today as ETH’s price fell below $2,700. The liquidated position was valued at $177 million, resulting in approximately $48.2 million in losses. The investor still holds a remaining position worth roughly $60 million.
Notably, this investor narrowly avoided liquidation last December during an ETH price drop—just $28 short of the liquidation price—and managed to recover from a $44 million unrealized loss before turning profitable. However, by choosing to hold and add to his position, he ultimately failed to withstand this latest market downturn.
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