COINOTAG News, citing HyperInsight, reports that the CZ Whales address 0x9ee holds leveraged bets on ETH and XRP with a combined unrealized loss of roughly $15.74 million. The ETH position totals about 57,000 ETH in a 15x long, producing an unrealized loss near $4.08 million and a liquidation threshold around $2,569.42. The XRP stake comprises roughly 38,000 XRP in a 10x long, with an unrealized loss around $11.66 million and a liquidation price at $1.1691.
Over the last week, the wallet registered approximately $3 million in losses, and monthly metrics show a peak near $19.5 million. The figures illustrate ongoing swing risk in highly leveraged crypto positions and underscore the need for disciplined risk controls in ETH and XRP trading strategies.
Source: https://en.coinotag.com/breakingnews/eth-longs-on-cz-whales-face-15-74m-unrealized-loss-from-57k-eth-and-38k-xrp-positions
