Lookonchain
Four whale wallets were liquidated for a combined $143.89 million, with each wallet losing a position worth more than $10 million in a single liquidation sweep.
The largest casualty was wallet 0x6046, which saw 12,742 ETH ($25.2M) and 536.89 BTC ($38.77M) force-closed. Two more wallets lost BTC-heavy positions: 0x01e2 dropped 511 BTC ($36.4M) and 0x5f91 dropped 357.09 BTC ($25.15M). A fourth wallet, 0x4a20, was swept across multiple assets, losing 112,176 SOL ($9M), 82.66 BTC ($5.85M), and 1,771.2 ETH ($3.52M).
Why it matters
Multi-position liquidations of this size signal that leverage was layered into the move, not just held passively. When a single wallet carries ETH, BTC, and SOL positions at once, it is typically collateral cross-margined, meaning one leg of the trade being underwater can cascade through the entire book.
Large whale liquidations also add mechanical selling pressure as exchanges market-close the positions, which can amplify a drawdown beyond what spot flows alone would produce.
Market impact
The concentration of BTC in the losses, roughly $106M of the $143.89M total, points to the largest exposure sitting in the majors rather than long-tail assets. Expect elevated volatility in the near term as leveraged positioning flushes out, with traders watching whether funding rates reset lower and whether the forced selling finds a bid before it triggers a second wave of liquidations.
Frequently asked questions
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How much was liquidated across the four whale wallets?
A combined $143.89 million in positions was wiped out. Each of the four wallets lost more than $10 million, with the largest single wallet losing roughly $64 million across its ETH and BTC positions.
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Which assets did the liquidated whales hold?
The whales held leveraged positions in ETH, BTC, and SOL. Bitcoin made up the bulk of the damage at roughly $106M of the total, including 536.89 BTC from wallet 0x6046 and 511 BTC from wallet 0x01e2.
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What does it mean when one wallet is liquidated across multiple assets?
It typically indicates a cross-margined book, where a single wallet's collateral backs positions in several assets. When one leg moves underwater, the whole account can be force-closed, sweeping ETH, BTC, and SOL positions simultaneously.
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Why do large whale liquidations add selling pressure?
Exchanges market-close liquidated positions by selling the underlying assets into the order book. That forced selling is mechanical rather than discretionary, so it can push prices down beyond what organic spot flows alone would produce.
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What should traders watch after this liquidation event?
Funding rates and whether the forced selling finds a bid. If leverage resets lower and prices stabilize, the flush is likely complete; if not, a second wave of liquidations is the main risk.
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