The decline in ETH price caused a giant whale to lose $14.77 million in long orders, and "Brother Maji" still holds a position of $120 million.

According to BlockBeats, on August 30, according to HyperInsight monitoring data, due to the decline in ETH prices, many well-known traders and giant whale addresses are currently suffering significant losses. Among them, the giant whale address 0xa523...75aa opened a 15-fold ETH long order at US$4534, and increased positions many times during the period to reduce the liquidation price. Currently, the position size of the address is US$247 million, a floating loss of US$14.77 million, and the liquidation price is US$4,181. In addition, "Brother Maji" Huang Licheng still holds long orders for ETH and HYPE. Its ETH holding scale is US$121 million, the opening price is US$4512, the liquidation price is US$3244.44, and the current floating loss is US$6.42 million; the HYPE holding scale is US$17.82 million, and the floating loss is US$797,800. Among other highly-watched traders, James Wynn, "Insider Trader" @qwatio, AguilaTrades, etc., who had lost their principal and left the market after losing their capital during this decline. Currently, only the "roll position and go long ETH" giant whale is still conducting small-scale transactions. The address holds a 25-fold ETH long order of US$993,600, with a floating loss of US$17,600 and a liquidation price of US$4,247.39.