According to Lookonchain, a major Ethereum whale sold their entire holding of 10,543 ETH, valued at $26.1 million, at a price of $2,476 per ETH during a sharp market downturn in the past hour. This rapid liquidation resulted in a realized loss of $2 million over just two days, signaling increased selling pressure and potential further volatility for the ETH price in the short term. Such large-scale whale transactions often trigger additional market reactions and may impact liquidity and sentiment across the broader cryptocurrency market. (Source: Lookonchain via Twitter, debank.com/profile/0x349d…)

According to Lookonchain, a major whale was liquidated for 7,511 $cWBTC, valued at $14.43 million, during a recent market drop. Previously, this whale faced three liquidations during the 2022 price crash, totaling 74,426 $cWBTC, equivalent to $32.82 million. Such liquidations can signal market stress and impact cWBTC trading volumes and prices.