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Data from HyperInsight on December 7 shows ETH trading below the $3,000 level, underscoring renewed downside pressure for the Ethereum market. In this environment, market participants assess leverage metrics and potential liquidations as sentiment remains cautious.
A review of the CZ Counterparty address 0x9ee reveals aggregated unrealized losses on ETH and XRP long exposure totaling about $24.93 million. The ETH leg shows an unrealized loss of $13.55 million on roughly $154 million of long exposure, with an average entry near $3,201 and a liquidation price near $2,497.2. The XRP long carries an unrealized loss of about $11.38 million on a notional of $77.63 million, with an average price of $2.29. The same address previously acquired ASTER on November 2 after CZ, then opened a large 3x-leveraged ASTER short, becoming the largest ASTER short holder. The position was closed to break even on November 17 and has since shifted to ETH long activity, yielding partial liquidation felt by the position.
Source: https://en.coinotag.com/breakingnews/ethereum-dips-below-3000-as-czs-counterparty-whale-faces-13-55m-eth-long-loss-and-11-38m-xrp-unrealized-loss
