Ether Whale Deposits $10 Million Margin, Rebuilding Longs After $69.7 Million Liquidation

A cryptocurrency whale holds roughly $288 million in total long exposure across Ether and Bitcoin with a $9.71 million unrealized loss, after depositing $10 million in USDC margin to rebuild positions. The entity was liquidated for up to 28,720 ETH—worth approximately $69.7 million—when prices dropped to $2,420, realizing a $4.48 million loss. The trader subsequently bought 9,580 ETH at $2,428, maintaining around 78,950 ETH worth roughly $195 million with liquidation triggers between $2,286 and $2,299, alongside 1,140 BTC facing liquidation between $72,198 and $74,379.