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Article only reports a whale's leveraged long being liquidated and remaining long positions, with no stated cause for the market crash or fundamental driver for ETH.

A major Ethereum whale was liquidated as the market crashed, with the trader's position closed out at 28,716 ETH, or $69.69 million. Despite that heavy loss, the whale has not pulled back and still holds 78,955 ETH in long positions worth roughly $195.57 million, continuing to bet on a market upswing.
EthereumArticle only reports a whale's leveraged long being liquidated and remaining long positions, with no stated cause for the market crash or fundamental driver for ETH.