Whale Liquidated on 17,804 ETH Long Position, Losses Exceed $10M Since September

A whale address holding 17,804 ETH ($51.5 million) was liquidated on its long position on November 20, MLM monitoring data show. The whale had maintained the position for over three weeks while continuously adding to it using a martingale strategy during price declines. Across two accounts, the whale has incurred floating losses exceeding $10 million since late September.