Whale dubbed 'CZ counterparty' faces liquidation on ETH and XRP longs

A prominent crypto whale known as the 'CZ counterparty' is nearing liquidation on leveraged long positions, with ETH trading just $120 above the liquidation price of $2,595 and XRP $0.17 above its $1.75 threshold, on-chain analyst Yu Jin said on November 21. The whale's two long positions show an unrealized loss of $3,973. Over an 11-day period, the trader's profits declined from $61.88 million on November 10 to $2.76 million, representing a $59.12 million reduction in gains.